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Identify and briefly describe two examples of government run insurance programs.
Acid-test Ratio
The acid-test ratio, also known as the quick ratio, measures a company's ability to pay its current liabilities without needing to sell inventory.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.
Current Liabilities
Current liabilities are financial obligations a company is due to pay within one year, including accounts payable, short-term debts, and other similar liabilities.
Proportion
A segment, piece, or amount looked at in relation to the entirety.
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