Multiple Choice
Dollar Ltd has a current ratio of 2:1. This means that:
A) its current assets are insufficient to meet its current liabilities.
B) there is $2 of current assets for every $1 of current liabilities.
C) its current assets are half its current liabilities.
D) its current assets are equal to its current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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