Case 1. If the company has a Current ratio: 1.4; quick ratio 1.2; cash ratio 0.5, can
Fantastic news! We've Found the answer you've been seeking!
Question:
Case
1. If the company has a Current ratio: 1.4; quick ratio 1.2; cash ratio 0.5, can the company fulfill its short-term obligations?
my lecturer once said with enough only quick and cash ratio the company still can't fulfill its short term obligations with their lack of cash ratio <1 is that right?
please explain, Thank You!
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Posted Date: