If a firm's current ratio is 4, the firm could liquidate its current assets at only ______
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Question:
If a firm's current ratio is 4, the firm could liquidate its current assets at only ______ percent of their book value and still pay off the current liabilities in full.
A) insufficient information to answer; need the inventory amount
B) insufficient information to answer; need the dollar amounts of CA and CL
C) 40%
D) 25%
E) A current ratio has nothing to do with the question being asked
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