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Is there validity in the rule-of-thumb ratios for all corporations? For example, a Current Ratio of 2:1 or Debt-to-Asset ratio of 50%. How can these

Is there validity in the rule-of-thumb ratios for all corporations? For example, a Current Ratio of 2:1 or Debt-to-Asset ratio of 50%. How can these rule-of-thumb ratios (ie industry averages) be ...

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