Examlex
Consider the following code snippet:
Public class SailBoat extends Vessel
{
Private Engine[] engines;
Private Sail mainsail;
) . .
}
Which of the following statements is NOT correct?
Current Ratio
A measure of a business's capability to meet its obligations due in less than one year, focusing on its short-term financial health.
Company
A legal entity formed by individuals, stockholders, or shareholders, with the purpose of operating for profit.
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity available to fund day-to-day operations.
Company
An organized entity formed for the purpose of conducting business, wherein it can earn revenues, incur expenses, and operate with the aim of profit.
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