A Current Ratio of Less Than 1

question 103

True/False

A current ratio of less than 1.0 means that current assets exceed current liabilities.

Know the mechanisms of international payment and credit systems.

Identify tax havens and understand their impact on business and investments.

Understand the role and recording process of special journals in financial transactions.

Recognize the purpose and structure of subsidiary ledgers and their relationship with the general ledger.