Solved

A Quick Ratio That Is High When Compared to an Industry

Question 88

True/False

A quick ratio that is high when compared to an industry average might mean the company may have excessive inventory levels or slow moving inventory items.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q83: How should the amount of federal income

Q85: You have been asked to compute the

Q86: When a company increases trade payables from

Q87: At the beginning of Year 1,

Q89: In 20X3, P Co reported an increase

Q90: Big Top Electronics Inc. offers a two-year

Q91: Under IFRS, a provision is<br>A) a liability

Q93: An employee receives a bi-weekly gross salary

Q96: Interest expense on a note payable is

Q215: Liquidity ratios measure a company's<br>A)operating cycle.<br>B)revenue-producing ability.<br>C)short-term