Multiple Choice
Dollar Ltd has a current ratio of 2:1. This means that:
A) there is $2 of current assets for every $1 of current liabilities.
B) its current assets are half its current liabilities.
C) its current assets are insufficient to meet its current liabilities.
D) its current assets are equal to its current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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