Multiple Choice
Which of the following statements is an accurate interpretation of a current ratio of 2.5?
A) The company has $2.50 of current assets for every $1.00 of liabilities.
B) The company has $2.00 of current assets for every $.50 of liabilities.
C) The company has $2.00 of current assets for every $.50 of current liabilities.
D) The company has $2.50 of current assets for every $1.00 of current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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