menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Entrepreneurship Study Set 2
  4. Exam
    Exam 11: Creating a Successful Financial Plan
  5. Question
    A Current Ratio of 2
Solved

A Current Ratio of 2

Question 20

Question 20

True/False

A current ratio of 2.4:1 means that a small company has $2.40 in current liabilities for every $1 has in current assets.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: _ ratios help a business owner evaluate

Q9: A quick ratio of more than 1:1

Q15: Ratio analysis allows a business owner to

Q23: Mini-Case 11-7: Sharps and Flats<br>Anthony Gray has

Q25: In order to reach profit objectives, entrepreneurs

Q29: The net-sales-to-total assets ratio is also referred

Q67: The net profit to equity ratio reports

Q102: Cash requirements can be determined by dividing

Q105: A business that turns over its receivables

Q137: Concerning how much cash to have at

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines