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For Each Item Identify the Best Description You May Use

Question 56

Matching

For each item identify the best description You may use each choice more than once or not at all.

Premises:
Current liabilities
Current assets
Quick ratio
Working capital
Current ratio
Responses:
Intention is to convert into cash within one year
Current assets/current liabilities
Current assets – current liabilities
Must pay within one year
(Cash + marketable securities + accounts receivable) divided by current liabilities

Correct Answer:

Current liabilities
Current assets
Quick ratio
Working capital
Current ratio
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