Question
An excessively high current ratio could be the result of all of the following EXCEPT: Too much cash on hand Non-collection of past due account
An excessively high current ratio could be the result of all of the following EXCEPT:
| Too much cash on hand | ||
| Non-collection of past due account receivables | ||
| Excessive or obsolete inventory | ||
| Inefficient use of free accounts payable | ||
| Too much long term debt. |
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International Accounting A User Perspective
Authors: Suadagaran, Shahrokh M, Smith Lawrence Murphy
5th Edition
1531018661, 9781531018665
