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5. (a) Define the quick ratio (i.e., acid-test ratio) and return on equity ratio, and state what these financial ratios measure. (b) State what financial
5. (a) Define the quick ratio (i.e., acid-test ratio) and return on equity ratio, and state what these financial ratios measure. (b) State what financial management problem each of these financial ratios could be used to identify. (c) Could the optimal value of a financial ratio for a firm be different in different years? Explain
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