A Current Ratio of 1

question 68

True/False

A current ratio of 1.5 times would mean that the business has 1.5 times more liabilities than assets.

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Definitions:

Maximize Profits

The strategic goal of increasing an organization's net income to the highest possible level.

Revenue Generated

The total amount of income produced by the sale of goods or services related to a company's primary operations.

Patent Law

The area of law concerned with giving inventors the exclusive right to benefit from their inventions for a certain period.

Inventors

Individuals who create something novel and useful, often securing patents for their innovations to protect the intellectual property.