Can you think of a situation where the current ratio is very misleading as an indicator of
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Can you think of a situation where the current ratio is very misleading as an indicator of short-term, debt- paying ability? Does the acid-test ratio offer a remedy to the situation you have described? Describe a situa- tion where the acid-test ratio does not suffice either.
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Related Book For 
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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