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Question
Match each of the following items with the term or phrase (a–g) that best describes it. Terms or phrases may be used more than once.
a. Current ratio
b. Working capital
c. Quick assets
d. Quick ratio
e. Record an accrual and disclose in the notes to the financial statements
f. Disclose only in notes to financial statements
g. No disclosure needed in notes to financial statements
Measures the “instant” debt-paying ability of a company
Answer
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