If a Firm's Current Ratio and Quick Ratio Have Been

question 83

True/False

If a firm's current ratio and quick ratio have been steadily decreasing, the underlying cause might be traced to the credit manager's relaxed attitude about enforcing prompt payment from customers.

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Definitions:

Occupier of Land

Refers to a person or entity in possession of land or property, holding responsibility for the safety and maintenance of the premise.

Federal Statute

A law enacted by the federal government of a country.

Provincial Statute

Legislation enacted by the legislative assembly of a province within a country, dealing with matters within the province's jurisdiction.

Licencees

Individuals or entities that are given legal permission to do something that, without such permission, would be illegal.