Add to Chrome
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
If Metal X Limited’s quick ratio dropped to less than 1.0 what would the implications be:
Metal X may have solvency problems, that is problems paying their bills if and when they fall due because they may have to pay bills before they receive cash from their customers.
Metal X should increase their short-term borrowings.
Nothing at all
Metal X’s management can slow down their decision-making process because turnover has slowed down.
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!