Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accountancy Financial Statement Analysis Ratio analysis
If a company's current ratio declined in a year during which its quick ratio improved, which of the following is the most likely explanation?
1
Inventory is increasing
2
Inventory is declining
3
Receivables are being collected more rapidly than in the past
4
Receivables are being collected more slowly than in the past