The current ratio is calculated by dividing current liabilities by current assets.The current ratio is calculated by dividing current assets by current liabilities.
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Q22: A lower current ratio or acid-test ratio
Q23: A company is said to be liquid
Q24: The acid-test ratio,or quick ratio,is similar to
Q25: If the likelihood of a loss is
Q26: Given a choice,most managers would choose to
Q28: A contingent liability is an existing,uncertain situation
Q29: Quick assets include only cash,short-term investments,and accounts
Q30: Long-term obligations such as notes,mortgages,and bonds are
Q31: If the likelihood of loss is remote,disclosure
Q32: The balance in the Warranty Liability account
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