Multiple Choice
Which of the following statements does not properly describe the current ratio?
A) It measures the ability of a firm to pay its debts in the short-run.
B) It is current assets divided by current liabilities.
C) It is a measure of a firm's short-run liquidity.
D) It measures a firm's ability to pay its long-term debts as they mature.
Correct Answer:
Verified
Correct Answer:
Verified
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