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Which of the following statements is false? Select one: a . A quick ratio of 2 . 0 times indicates that a firm's current assets
Which of the following statements is false?
Select one:
a A quick ratio of times indicates that a firm's current assets are twice as much as its current liabilities.
b A firm with a high current ratio may have trouble paying its bills when they become due.
c The current ratio assesses a companys liquidity by determining the extent to which current assets can cover current debts.
d Financial ratios serve as yardsticks to evaluate a firm's performance.
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