One of the Most Important Categories of Financial Ratios Are

question 28

True/False

One of the most important categories of financial ratios are the liquidity ratios.

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Definitions:

Assignment

The act of transferring to another all or part of one’s rights arising under a contract.

Privity

A relationship between parties that is sufficiently close to validate contracts or grant rights or obligations.

Indirectly Benefit

To gain advantage or profit in a secondary way from an action or event not directly involved with one's efforts.

Incidental Beneficiary

A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.