The current ratio is defined as: Current liabilities/Current assets Current assets/Current liabilities Current assets/Total assets...
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Accounting
The current ratio is defined as: Current liabilities/Current assets Current assets/Current liabilities Current assets/Total assets Current liabilities/Total assets Should a financial manager maximize leverage? Yes, because increasing leverage will decrease the proportion of debt relative to equity. No, because leverage should always be avoided. No, because increasing leverage involves both benefits and costs. Yes, but only to the extent that the bank will allow
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