1. Business
  2. Accounting
  3. 159 a company seeking a line of credit at...

Question: 159 a company seeking a line of credit at...

Question details

15-9 – A company seeking a line of credit at a bank was turned down. Among other things, the bank stated that the company’s 2 to 1 current ratio was not adequate. Give reasons why a 2 to 1 current ratio might not be adequate.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution