Using current ratios on document need summary and conclusion

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Using current ratios on document need summary and conclusion
Answered Same DayAug 30, 2021

Answer To: Using current ratios on document need summary and conclusion

Madhulika answered on Aug 30 2021
169 Votes
Summary
The current ratio represents the liquidity position of a business. It measures the ratio o
f current assets to current liabilities which means that it depicts the amount of immediate assets available with the business to meet its current and immediate obligations. Ideally this ratio should be greater than one which means that current assets should be sufficient to meet current obligations.
In this scenario, Celgene Corporation has a current ratio of 3.67. This implies that the company has 3.67 times...
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