A company with a current ratio of 2.75 means that the company:
A) has $2.75 of quick assets to pay each $1 of current liabilities.
B) has $2.75 of current assets to pay each $1 of current liabilities.
C) has $1.00 of quick assets for every $2.75 of current liabilities.
D) has $1.00 of current assets for every $2.75 of current liabilities.
Correct Answer:
Verified
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