A Current Ratio of 1

question 224

True/False

A current ratio of 1.2 to 1 indicates that a company's current assets exceed its current liabilities.

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Definitions:

Collapse

A sudden failure or downfall, often used to describe the breakdown of societies, economies, or structures due to various stresses or catastrophic events.

Cavern

A large, naturally occurring underground chamber or series of chambers created by the weathering of rock, often found in limestone regions.

Water Shortages

Situations where the available water supply is insufficient to meet the demands of water usage.