The president of Dickerson Inc. proudly announces her companys improved liquidity since its current ratio has increased substantially from one year to the next. Does an increase in the current ratio always indicate improved liquidity? What other ratio or ratios might you review to determine whether or not the increase in the current ratio is an improvement in financial health?
The president of Dickerson Inc. proudly announces her company’s improved liquidity since its current ratio has increased substantially from one year to the next. Does an increase in the current ratio always indicate improved liquidity? What other ratio or ratios might you review to determine whether or not the increase in the current ratio is an improvement in financial health?
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Accounting Tools for Business Decision Making
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
ISBN: 978-1118128169