Multiple Choice
A current ratio of 2.5 means that for every dollar of:
A) accounts payable,there is $2.50 of cash.
B) current liabilities,there is $2.50 of current assets.
C) current assets,there is $2.50 of current liabilities.
D) total liabilities,there is $2.50 of cash.
Correct Answer:
Verified
Correct Answer:
Verified
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