Question : Liquidity refers to the ability of the firm to meet its ______________.
Option 1: Current Liabilities
Option 2: Non- Current Liabilities
Option 3: Fixed Assets
Option 4: Current Assets
Answer (1)
21st Jan, 2024
Correct Answer: Current Liabilities
Solution :
Liquidity refers to the ability of the firm to meet its current liabilities. They show a firm's ability to meet its current liabilities out of the current resources.
Hence, the correct option is 1.
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