The president of Ho Inc. proudly announces that her company has improved its liquidity since its current
Question:
(a) Does an increase in the current ratio always indicate improved liquidity?
(b) What other ratio or ratios might you review to determine whether or not the increase in the current ratio indicates an improvement in financial health?
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a An increase in the current ratio does not necessarily mean that the liquidity of a company has imp...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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