A High Current Ratio Indicates That Current Liabilities Are Greater

question 90

True/False

A high current ratio indicates that current liabilities are greater than current assets.

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Definitions:

Nullify

To legally cancel or make void a contract, law, or other legal binding agreement.

Breached

Indicates a situation where a binding agreement or security measure has been violated or broken.

Terminate

To bring something to an end or to conclude an agreement or contract.

Adverse Possession

A legal doctrine that allows a person to claim ownership of land under certain conditions, typically after openly occupying it for a specific period.