Multiple Choice
If a company's current ratio increases from 1.2 to 1.4 from one year to the next, and its quick ratio decreases from 0.2 to 0.15 over the same time period, this indicates:
A) company's liquidity must have increased
B) accounts receivable have decreased
C) inventory management should be further examined
D) current liabilities have decreased
Correct Answer:
Verified
Correct Answer:
Verified
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