Multiple Choice
Last year,ABC Tools had a current ratio of 2.0 and an acid-test ratio of 1.0.This year the firm's current ratio is 2.5 and its acid-test ratio is 1.5.ABC's _____ has _____.
A) profitability; improved
B) profitability; deteriorated
C) liquidity; improved
D) liquidity; deteriorated
Correct Answer:
Verified
Correct Answer:
Verified
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