Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is the correct comment if a company's liquidity ratio is 2. Select one: A. It shows that the company is not
Which of the following is the correct comment if a company's liquidity ratio is 2.
Select one: A. It shows that the company is not in a risky position.
B. It means that the company's current assets are 2 % of its total assets. C. It means that the company can pay its short-term obligations by using its currents assets two times.
D. It shows that the company's cash and cash equivalents are enough to meet current liabilities.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started