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Which of the following statements doesnot properly describe the current ratio? It is current assets divided by current liabilities. It is a measure of a
Which of the following statements doesnot properly describe the current ratio?
It is current assets divided by current liabilities.
It is a measure of a firm's shortrun liquidity.
It measures a firm's ability to pay its longterm debts as they mature.
It measures the ability of a firm to pay its debts in the short run.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
