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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
A company has a cash ratio of 2.3. What does this imply?
A) The company does not have enough cash supply.
B) The company is not in a position to pay off its current liabilities.
C) The company is not in a position to pay off its long-term liabilities.
D) The company has an unnecessarily large amount of cash supply.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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