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Question 5 (5 points) Which of the following statement is FALSE? Current Ratio is always greater than or equal to Quick Ratio. The quick ratio
Question 5 (5 points) Which of the following statement is FALSE? Current Ratio is always greater than or equal to Quick Ratio. The quick ratio measures the firm's ability to pay off short-term obligations without relying on the sale of inventories. Ratio analysis involves analyzing financial statements to help appraise a firm's financial position and strength. If a firm sold some inventory for cash and left the funds in its bank account, its current ratio would probably not change much, but its quick ratio would decline
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