| Which of the following statements about accounting ratios and their interpretation are correct? 1    A low-geared company is more able to survive a downturn in profit than a highly-geared company.2    If a company has a high price earnings ratio, this will often indicate that the market expects its profits to rise.
 3    All companies should try to achieve a current ratio (current assets/current liabilities) of 2:1.
 A    2 and 3 onlyB    1 and 3 only
 C    1 and 2 only
 D    All three statements are correct
 C |