Lenders recognize that holding collateral can reduce losses if the borrower defaults, but the presence of collateral has no impact on the risk of default

The ________ ratio is a conservative measure of a firm's liquidity and shows the extent to which a firm's most liquid assets cover its current liabilities

A) current B) quick C) turnover D) net profit

Rationalization is an effective means of analysis for ethical issues

Indicate whether the statement is true or false