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4) If a company computes its current ratio to be 3.56, what does this mean in terms of the companys current assets and current liabilities?

4) If a company computes its current ratio to be 3.56, what does this mean in terms of the companys current assets and current liabilities?

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5) Why might a company have a high current ratio but a low quick ratio (acid test ratio)?

ANS:

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