Select the TRUE statement regarding current ratio. The current ratio indicates:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
A. whether a company has been paying its debts on a timely basis
B. how profitable the company has been
C. the ringgit amount of total funds available to meet short-term obligations
D. a company's ability to satisfy its short-term obligations
Answer:D
Select the TRUE statement regarding current ratio. The current ratio indicates:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
A. whether a company has been paying its debts on a timely basis B. how profitable the company has been C. the ringgit amount of total funds available to meet short-term obligations D. a company's ability to satisfy its short-term obligations