Multiple Choice
A company has a quick ratio of 0.9 before paying off a large current liability with cash.As a result,what happens to the quick ratio?
A) It is greater than 0.9.
B) It is less than 0.9.
C) It remains equal to 0.9.
D) It is either greater than 0.9 or less than 0.9 depending upon the dollar amount involved.
Correct Answer:
Verified
Correct Answer:
Verified
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