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Last year, Duehl Rockets had a quick ratio of 4.0 and this year they have a quick ratio of 3.0. In which year did Duehl have a more desirable quick ratio?    A  This year because the quick ratio is lower       B It cannot be determined because quick ratios are too variable     C Last year because the quick ratio was higher  D None of the choices

Last year, Duehl Rockets had a quick ratio of 4.0 and this year they have a quick ratio of 3.0. In which year did Duehl have a more desirable quick ratio?    A  This year because the quick ratio is lower       B It cannot be determined because quick ratios are too variable     C Last year because the quick ratio was higher  D None of the choices

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Last year, Duehl Rockets had a quick ratio of 4.0 and this year they have a quick ratio of 3.0. In which year did Duehl have a more desirable quick ratio? 

 

A  This year because the quick ratio is lower      

B It cannot be determined because quick ratios are too variable    

C Last year because the quick ratio was higher 

D None of the choices 

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