Examlex
The income effect of a price change refers to the change in the quantity demanded of a good that results from a change in the price of a complementary product.
Current Ratio
A measure of a company’s capability to settle short-term debts using its current assets.
Acid-Test Ratio
A stringent indicator of a company's short-term liquidity, calculated by dividing liquid assets by current liabilities, excluding inventory from assets.
Financial Stability
The condition of having strong financial health, characterized by a solid balance sheet, manageable debt, and the capability to meet short and long-term obligations.
Operating Efficiency
A measure of how well a company utilizes its resources to generate profit without unnecessary waste.
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