A company has a cash ratio of 2.3. What does this imply?
A) The company has an unnecessarily large amount of cash supply.
B) The company does not have enough cash supply.
C) The company is not in a position to pay off its long-term liabilities.
D) The company is not in a position to pay off its current liabilities.
A
Business
You might also like to view...
IFRS guidelines are the set of accounting standards set up specifically for US companies
A. True B. False
Business
________ do not actually produce goods, but they do provide their customers with the time, place, and possession utility by making goods available when and where consumers want them
A) Resellers B) End users C) Not-for-profit organizations D) Producers E) Buying centers
Business