Multiple Choice
A company's current ratio increased from 1.23 to 1.45. What does this mean?
A) This means that current assets increased and current liabilities decreased.
B) This means that current assets increased and current liabilities increased.
C) This means that current assets decreased and current liabilities decreased.
D) There is not enough information to explain the increase.
E) This means that current assets decreased and current liabilities stayed the same.
Correct Answer:
Verified
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