In Table 3.5, a majority of the firms listed have current ratios that fall below their industry

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In Table 3.5, a majority of the firms listed have current ratios that fall below their industry average. Why? One exception to this general pattern is Dillard’s, which is an upscale department store chain. Why might Dillard’s operate with greater-than-average liquidity?


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Principles Of Managerial Finance

ISBN: 9781292400648

16th Global Edition

Authors: Chad Zutter, Scott Smart

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