Multiple Choice
If the current ratio for a company is 2.5, this means that:
A) the company is able to pay all its debts immediately.
B) its current income is 250% of its previous income.
C) if the company had $100 of current liabilities, it also has $250 of current assets.
D) its debt is 2.5 times the industry average.
Correct Answer:
Verified
Correct Answer:
Verified
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