An acid-test ratio of 0.90 to 1.00 is acceptable in most industries. A current ratio for companies
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An acid-test ratio of 0.90 to 1.00 is acceptable in most industries. A current ratio for companies in most industries is around 1.50. The average debt ratio for most companies ranges from 57% to 67%, with relatively little variation from company to company.) The current and acid-test ratios are fairly ▼ high low . This indicates that the company ▼ can cannot pay its liabilities. The company's debt to total assets (its debt ratio) ▼ is is not extraordinarily high, which ▼ may interfere with will facilitate the company making all payments for debt. The times-interest-earned ratio has ▼ decreased increased from to which is ▼ favorable unfavorable .
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-0077732509
10th edition
Authors: William Messier Jr, Steven Glover, Douglas Prawitt
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