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A Company with a Current Ratio Higher Than Industry Average

question 128

True/False

A company with a current ratio higher than industry average must also have a quick ratio higher than industry average because both ratios measure liquidity.


Definitions:

Natchez War

A conflict between French colonists and Natchez Indians in 1729-1731, which resulted in the near extinction of the Natchez community.

Choctaw Warriors

Members of the Choctaw nation, historically recognized for their martial prowess and notably serving as code talkers during World Wars.

Louis XV

King of France from 1715 to 1774, known for his lavish lifestyle and the significant debt accumulated during his reign.

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