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The current ratio: Multiple Choice Is used to measure a company's collection period. Is folt d to measure the relationship between assets and long -

The current ratio:

Multiple Choice

Is used to measure a company's collection period.

Is folt d to measure the relationship between assets and long

-

term debt.

Measures the effect of operating income on profit.

Is used to help assess a company's ability to pay its debts in the near future.

Is calculated by dividing current assets by equity.

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