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Instructions: Identify the following terms.
Chandragupta I and Chandragupta II
Quick Ratio
A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) / current liabilities.
Inventory
The goods and materials a business holds for the ultimate goal of resale or processing.
Current Ratio
A measure of how well a company can satisfy its short-term due debts, revealing its liquidity over the year.
Statement Of Financial Position
Another term for the balance sheet, a financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.
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