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Which of the following is not a liability? Multiple Choice Current portion of long-term debt. Deferred revenue. An unused line of credit. O Notes payable Which of the following statements regarding liquidity ratios is true? 31 Multiple Choice 02.03:54 O A low current ratio generally indicates the ability to pay current liabilities on a timely basis. A high working capital generally indicates the ability to pay current liabilities on a timely basis. O All current assets are due within one year and therefore have essentially equal liquidity A low acid-test ratio generally indicates the ability to pay current liabilities on a timely basis. rev 31 of 48 Next >