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Question
Objective Type Questions :
State whether following statements are true or false :
Net profit shows quick ratio.
State whether following statements are true or false :
Net profit shows quick ratio.
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Solution
False
Explanation: Net profit depicts the overall performance of the business and the efficiency with which business is operating. On the other hand, quick ratio is an indicator of a firm’s short-term liquidity.
Explanation: Net profit depicts the overall performance of the business and the efficiency with which business is operating. On the other hand, quick ratio is an indicator of a firm’s short-term liquidity.
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