What does a current ratio of 2,4 mean? a) The company has 2,4 lira of equity for every lira of current liabilities b) The company has 2,4 liras current assets for every lira of current liabilities c) The company has 2,4 lira of noncurrent assets for every lira of current liabilities d) The company 2,4 lira of total assets for every lira of current liabilities
What does a current ratio of 2,4 mean? a) The company has 2,4 lira of equity for every lira of current liabilities b) The company has 2,4 liras current assets for every lira of current liabilities c) The company has 2,4 lira of noncurrent assets for every lira of current liabilities d) The company 2,4 lira of total assets for every lira of current liabilities
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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What does a current ratio of 2,4 mean?
a) The company has 2,4 lira of equity for every lira of current liabilities
b) The company has 2,4 liras current assets for every lira of current liabilities
c) The company has 2,4 lira of noncurrent assets for every lira of current liabilities
d) The company 2,4 lira of total assets for every lira of current liabilities
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