MCQOPTIONS
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| 1. |
Risk, as it relates to working capital, means that there is jeopardy to the firm for not maintaining sufficient current assets to __________. |
| A. | meet its cash obligations as they occur and take advantage of prompt payment discounts |
| B. | support the proper level of sales and take prompt payment discounts |
| C. | maintain current and acid-test ratios at or above industry norms |
| D. | meet its cash obligations as they occur and support the proper level of sales |
| Answer» E. | |