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What does it mean if a company has a current ratio of 3.25? a.) The company has an excess of inventory that cannot be
What does it mean if a company has a current ratio of 3.25? a.) The company has an excess of inventory that cannot be easily converted into cash. b.) The company's ability to pay off its short term debt falls below what industry generally considers adequate. O c.) The company's ability to pay off its short term debt exceeds what is generally considered adequate. d.) The company's current liabilities exceed its current assets.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
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