When You Divide the Organization's Current Assets by Its Current

question 57

True/False

When you divide the organization's current assets by its current liabilities, the result is known as the times-covered ratio of the organization.

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Definitions:

Fiduciary Relationship

A relationship involving a high degree of trust and confidence.

Duties

Obligations that individuals or entities are required to perform, often under the law or by contract.

Honesty

A moral character trait that entails being truthful, trustworthy, and sincere in one's thoughts, speech, and actions.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. The obligated party is typically someone entrusted with the care of money or property, like a trustee or legal guardian.