A Company's Current Ratio Changed from 1

question 42

True/False

A company's current ratio changed from 1.4 times in the previous year to 1.6 times this year. Concluding that the company's liquidity improved is ___________.

---

Definitions:

Values Drift

The gradual shift in the core beliefs, principles, and values of an individual or organization over time.

Legal And Ethical

Pertaining to the adherence to both the law and moral guidelines in decision-making processes to ensure fairness, justice, and integrity.

Safety Gear

Equipment designed to protect the wearer from injury or danger, especially in a work or activity environment.

Local Taxes

Taxes imposed by local government authorities, such as cities or counties, on residents or businesses within their jurisdiction.