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    Fundamental Accounting Principles Study Set 5
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    Exam 5: Accounting for Merchandising Operations
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    A Common Rule of Thumb Is That a Company's Acid-Test
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A Common Rule of Thumb Is That a Company's Acid-Test

Question 31

Question 31

True/False

A common rule of thumb is that a company's acid-test ratio should be at least 2 or a company may face near-term liquidity problems.

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