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Figure 10.3
Using Figure 10.3, match the following:
-Retract scapula.
Working Capital
Current assets less current liabilities.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.
Acid-Test Ratio
A financial ratio indicating a firm's capacity to settle short-term debts without having to sell its stock.
Marketable Securities
Financial instruments that can be easily converted to cash, such as stocks, bonds, and Treasury bills.
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