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.

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Definitions:

Adipose Tissue

Body tissue containing stored fat, serving as a source of energy, insulation, and cushioning for organs.

Vascularity

The degree of blood vessels present in a given tissue, often related to the nourishment and oxygenation of the area.

Xerosis

A medical term for abnormally dry skin, which can result from various factors including environmental and nutritional deficiencies.

Pruritus

Pruritus is the medical term for itching, a bothersome sensation that provokes the desire to scratch.