Assume that a company has a current ratio of 1.5:1. This would imply: a. there is sufficient
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Question:
Assume that a company has a current ratio of 1.5:1. This would imply:
a. there is sufficient net income to pay Accounts Payable
b. there is $1.50 of Cash for every $1 of Accounts Payable
c. there is $1.50 of Current Assets for every $1 of Current Liabilities
d. there is $1.50 of Cash for every $1 of Total Debt
e. there is $1.50 of Cash for every $1 of Retained Earnings
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