Assume Nike had a Current Ratio of 3.4 and its competitor has a Current Ratio of 1.3. Which of the following statements is true? Competitors can easily raise capital through a bank loan as compared to Nike O Competitor has better liquidity Nike needs to borrow cash immediately Nike has better liquidity

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 11MC: Which of the following best represents a positive product of a lower number of days sales in...
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Assume Nike had a Current Ratio of 3.4 and its competitor has a Current Ratio of 1.3. Which of the following statements is true?
Competitors can easily raise capital through a bank loan as compared to Nike
O Competitor has better liquidity
ONike needs to borrow cash immediately
38
Nike has better liquidity
Transcribed Image Text:Assume Nike had a Current Ratio of 3.4 and its competitor has a Current Ratio of 1.3. Which of the following statements is true? Competitors can easily raise capital through a bank loan as compared to Nike O Competitor has better liquidity ONike needs to borrow cash immediately 38 Nike has better liquidity
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