Which of the following statements about current ratios is most appropriate?
A) The determination of whether a current ratio is acceptable is best made by reference to industry norms.
B) A current ratio less than 1.5 is unacceptable.
C) A current ratio greater than 1.0 is excellent.
D) The determination of whether a current ratio is acceptable is best made by reference to industry norms, a current ratio less than 1.5 is unacceptable and a current ratio greater than 1.0 is excellent.
Correct Answer:
Verified
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