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Which of the following statements is correct? The higher the current asset turnover ratio, the higher the operating efficiency. The longer the cash conversion cycle,
Which of the following statements is correct?
The higher the current asset turnover ratio, the higher the operating efficiency.
The longer the cash conversion cycle, the better the company's ability to meet its shortterm obligations.
The higher the current asset turnover ratio, the lower the operating efficiency.
The lower the quick ratio, the better the company's ability to meet its shortterm obligations.
Given the following Financial Statement information of Presto Co what are the current ratio and quick ratio of the company?
tableCash and equivalents,ReceivablesInventoryFixed assets,Total current liabilities,tableTotal short and longtermdebtTotal revenue sales
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