A Current Ratio of 2

question 49

True/False

A current ratio of 2.4:1 means that a small company has $2.40 in current liabilities for every $1 in current assets.

---

Definitions:

Negative Outcomes

Unfavorable results or effects that arise from specific actions or inactions within various contexts.

Influence Acceptance

The degree to which individuals or groups are willing to accept and act upon the influences or suggestions of others.

Making Excuses

The act of creating justifications for one's actions, decisions, or failures, often to avoid taking responsibility.

Resistance

Opposition or pushback against instructions, norms, or changes, typically displayed by individuals or groups.