Liquidity ratios denote the current ability to pay short term debt obligations like accounts payable, accruals, etc.
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Liquidity ratios denote the current ability to pay short term debt obligations like accounts payable, accruals, etc. The higher the ratio the more liquid. What is the difference between current and quick ratio in one sentence?
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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