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Which of the following statements is TRUE? a. The cash coverage ratio equals cash divided by current liabilities. b. The quick ratio equals current assets

Which of the following statements is TRUE?

a. The cash coverage ratio equals cash divided by current liabilities.

b. The quick ratio equals current assets - current liabilities divided by current liabilities.

c. The current ratio is current assets divided by current liabilities.

d. Total asset turnover is net income divided by total assets.

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