47. An analyst prepares common-size balance sheets for two companies operating in
the same industry. The analyst notes that both companies had the same
proportion of current liabilities, long-term liabilities, and shareholders’ equity and
the following ratios:
Company 1 Company 2
Current ratio 2.0 2.0
Cash ratio 0.3 0.3
Quick ratio 0.5 0.8
The most reasonable conclusion is that, compared with Company 2, Company 1
had a:
A. higher percentage of assets associated with inventory.
B. higher percentage of assets associated with accounts receivable.
C. lower percentage of assets associated with marketable securities.
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