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    Principles of Financial Accounting Study Set 1
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    Exam 17: Financial Statement Analysis
  5. Question
    A Current Ratio of 2:1 Means That for Every $1
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A Current Ratio of 2:1 Means That for Every $1

Question 36

Question 36

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A current ratio of 2:1 means that for every $1 of current assets, the company has $2 of current liabilities.

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