The two basic measures of liquidity are: [1]
A. Inventory turnover and current ratio
B. Current ratio and liquid ratio
C. Gross profit margin and operating ratio
D. Current ratio and average collection period
Answer:B
The two basic measures of liquidity are: [1]
A. Inventory turnover and current ratio B. Current ratio and liquid ratio C. Gross profit margin and operating ratio D. Current ratio and average collection period