Question: a. Firms should maximize (increase) current and quick ratios; maximum liquidity is good. Select the TRUE statement. b. An decrease in the FAT ratio suggests

a. Firms should maximize (increase) current and quick ratios; maximum liquidity is good. Select the TRUE statement. b. An decrease in the FAT ratio suggests a decrease in sales (holding all else equal) c. The retained earnings account on the balance sheet is a "savings account" of sorts. Money is available to withdraw and spend on new purchases

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