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UoP FIN/370

University of Phoenix: FIN/370 - Finance for Business

TermDefinition
Sole Proprietorship The sole proprietorship is a business owned by a single individual who is entitled to all the firm’s profits and who is also responsible for all the firm’s debt, that is, what the firm owes.
Current Ratio Current Liquid Assets / Current Short-term Liabilities
Acid Test (Quick) Ratio (Current Liquid Assets - Inventory) / Current Short-term Liabilities
Created by: ncarenza