FUND OF ACCOUNTING PRINCIPLES (LL)
FUND OF ACCOUNTING PRINCIPLES (LL)
23rd Edition
ISBN: 9781260421910
Author: Wild
Publisher: MCG
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Chapter 17, Problem 4DQ
To determine

Concept Introduction:

Current ratio: The current ratio can be defined as the ratio of total current assets to total current liabilities. A current ratio is a measures that a company’s ability to pay short-term and long-term obligations.

A current ratio is calculated as under –

Current ratio =Total current assetsTotal current liabilities

To discuss:

Three factors that would influence your evaluation as to whether a company’s current ratio is good or bad

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Chapter 17 Solutions

FUND OF ACCOUNTING PRINCIPLES (LL)

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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License