Multiple Choice
A company has a cash ratio of 2.3.What does this imply?
A) The company has an unnecessarily large amount of cash and cash equivalents.
B) The company does not have enough cash supply.
C) The company is not in a position to pay off its long-term liabilities.
D) The company is not in a position to pay off its current liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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