Multiple Choice
A current ratio of 0.9 means:
A) the firm has a debt ratio of 90%.
B) the firm has $0.90 of current assets for every $1.00 of current liabilities.
C) the firm has $0.90 of current liabilities for every $1.00 of current assets.
D) the firm has $0.90 of fixed assets for every $1.00 of current assets.
Correct Answer:
Verified
Correct Answer:
Verified
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