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    Financial Accounting Study Set 26
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    Exam 4: Cash and Receivables
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    A Decrease in the Acid-Test Ratio from One Year to the Next
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A Decrease in the Acid-Test Ratio from One Year to the Next

Question 78

Question 78

True/False

A decrease in the acid-test ratio from one year to the next indicates the company's liquidity position is likely improving.

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