A Current Ratio of 2 to 1 Is Always Acceptable

question 83

True/False

A current ratio of 2 to 1 is always acceptable for a company in any industry.

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Definitions:

Cognitive Development

The process by which individuals acquire and process knowledge through thought, experience, and the senses over time.

Preoperational

Refers to a stage in Piaget's theory of cognitive development, where children aged 2 to 7 years use symbols to represent their earlier sensorimotor discoveries but lack the ability to perform operations or use logic.

Cognitive Development

The process through which a person's ability to think, understand, and learn evolves over the course of their life, starting from infancy.

Symbolic Functions

Cognitive operations that enable a person to use symbols, signs, or objects to represent something that is not physically present.