What is a limitation common to both the current and the quick ratio? (a) Accounts receivable may
Question:
What is a limitation common to both the current and the quick ratio?
(a) Accounts receivable may not be truly liquid.
(b) Inventories may not be truly liquid.
(c) Marketable securities are not liquid.
(d) Prepaid expenses are potential sources of cash.
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Related Book For
Understanding Financial Statements
ISBN: 9781292101552
11th Global Edition
Authors: Lyn Fraser, Aileen M. Ormiston
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