A firm would like to have a quick ratio of about 0.50.

Name: A firm would like to have a quick ratio of about 0.50.
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A quick ratio of 0.50 would mean having only half of the current liabilities covered by current assets, which may not be sufficient for a firm's liquidity needs. A higher quick ratio, such as 1.0, is generally more desirable as it shows a better ability to meet short-term obligations.

A Firm Would Like to Have a Quick Ratio of About