A current ratio of 0.6 to 1.0 means: a) current assets is 60 percent of...
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Accounting
A current ratio of 0.6 to 1.0 means:
a) current assets is 60 percent of current liabilities.
b) current liabilities is 60 percent of current assets.
c) current liabilities represent 40 percent of total liabilities.
d) the company has more current assets than current liabilities.
e) the company will be able to satisfy 40 percent of current liabilities by the end of the year.
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