What Is A Bad Current Ratio? A current ratio of above 1 indicates that the business has enough money in the short term to pay its obligations, while a current ratio below 1 suggests that the company may run into short-term liquidity issues. What does a bad current ratio mean? A current ratio that is
What Is Short Term Notes Payable? Short term notes payable are obligations to pay a specified sum, plus interest, within one year. These notes payable usually refer to the repayment of loaned funds in the near term. How long is short term notes payable? Short-term notes payable are due within a year, whereas long-term notes
Which Of The Following Is A Contingent Liability? Description: A contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability. What are the types of contingent liabilities? There are