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6. A company's financial health can be reflected from examining pertinent financial accounting ratios. Which of the following ratios does NOT reflect a company's liquidity?

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6. A company's financial health can be reflected from examining pertinent financial accounting ratios. Which of the following ratios does NOT reflect a company's liquidity? a) Debt to equity ratio b) Inventory turnover ratio c) Acid-test ratio d) Current ratio 10. The budgeting process is often a lengthy and time-consuming process. There are many issues involved in formulating a budget. Which one of the following is NOT part of an organization's budgeting process? a) Setting financial goals b) Estimating revenues and expenses c) Preparing balance sheet and profit/loss report d) Setting priorities

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