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Assuming the current ratio in 2017 was 1.41, which of the following is true? Industry 2017 2016 Current Ratio 1.28 3.00 Quick Ratio 0.90 0.82

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Assuming the current ratio in 2017 was 1.41, which of the following is true? Industry 2017 2016 Current Ratio 1.28 3.00 Quick Ratio 0.90 0.82 1.40 The current ratio makes the company appear more liquid than it actually is. Both are correct. When inventory is removed in the quick ratio, the firm actually has more in current liabilities than current assets

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