Multiple Choice
The current ratio for Joshua Wines is 2.2 and the acid test ratio for the business is 0.7. These ratios suggest that the company
A) Is carrying too much inventory
B) Is carrying too many current liabilities
C) Has sufficient liquidity to meet a long-term financial commitments
D) Has sufficient liquidity to meet short-term financial commitments
E) Has too much investment in Accounts Receivables
Correct Answer:
Verified
Correct Answer:
Verified
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