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Which of the following statements are correct regarding the quick ratio? (Check all that apply.) - The quick ratio provides the same information as the current ratio. - A quick ratio of less than 1.0 would indicate that a business's debt can be easily paid off with current assets. - A quick ratio of less than 1.0 could indicate that a company may have a problem paying off short term debt. - A favourable quick ratio falls between 1.5 and 2.0 . - The quick ratio is a more robust measure of liquidity because it excludes the less liquid assets such as inventory and prepaid assets. - The quick ratio is one measure of a company's ability to pay its short-term debts.
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