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  3. Study Set
    Fundamental Financial Accounting Concepts
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    Exam 13: Financial Statement Analysis
  5. Question
    Jones Company's Current Ratio Is Higher Than the Average for Its
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Jones Company's Current Ratio Is Higher Than the Average for Its

Question 78

Question 78

True/False

Jones Company's current ratio is higher than the average for its industry,while its quick ratio is below the industry average.One possible interpretation for these results is that Jones carries more inventory than most companies in its industry.

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