Multiple Choice
Which of the following would be an appropriate interpretation of a current ratio of 1.76?
A) The company earned $1.76 for every dollar of assets.
B) The company has $1.76 of current assets for every dollar of current liabilities.
C) The company's debt is 176% of its capital structure.
D) The company has $1.76 of current assets for every dollar of total assets.
Correct Answer:
Verified
Correct Answer:
Verified
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