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Which of the following statements is FALSE? There is not a strong financial theory as to what the correct values for financial ratios should be.

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Which of the following statements is FALSE? There is not a strong financial theory as to what the "correct" values for financial ratios should be. Firms with higher growth prospects tend to have higher P/E ratios than mature and established companies. In general, high tech companies tend to have lower leverage ratios than utility companies. None of the alternatives is false. For firms with some inventories, the current ratio will always be greater than the quick ratio

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