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  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 13: Financial Statement Analysis
  5. Question
    Jenkins Company's Current Ratio Is Higher Than the Average for Its
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Jenkins Company's Current Ratio Is Higher Than the Average for Its

Question 53

Question 53

True/False

Jenkins Company's current ratio is higher than the average for its industry,while its quick ratio is below the industry average.One possible interpretation for these results is that Jenkins carries less inventory than most companies in its industry.

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