menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Essentials Study Set 2
  4. Exam
    Exam 14: The Role of Accountants and Accounting Information
  5. Question
    The Current Ratio Is Usually Satisfactory at 2:1 or Higher
Solved

The Current Ratio Is Usually Satisfactory at 2:1 or Higher

Question 49

Question 49

True/False

The current ratio is usually satisfactory at 2:1 or higher - that is,if current assets more than double current liabilities.

Correct Answer:

verifed

Verified

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

Related Questions

Q44: Short Case Scenario 14-1<br>Mary Ann has always

Q45: Explain how the accounting equation is used.

Q46: The income statement is divided into major

Q47: Explain the difference between financial accounting and

Q48: According to the CPA Vision Project,the core

Q50: A(n)_ ratio evaluates management's use of resources.<br>A)

Q51: Jose is a recent college graduate who

Q52: Explain the current ratio.

Q53: Distinguish between public accountants and private accountants.

Q54: A(n)_ ratio measures a firm's ability to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines