Multiple Choice
A current ratio of 3.50 means
A) There is $3.50 of current assets available to pay every dollar of current debt.
B) There is $3.50 available to pay for all debt.
C) There is $3.50 of current liabilities that need to be paid immediately.
D) Nothing meaningful can be determined from this information.
Correct Answer:
Verified
Correct Answer:
Verified
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