1. Describe the circumstances under which the current, quick, and cash ratios, respectively, are more appropriate measures of short-term liquidity than the other ratios?
2. Describe the differences between the current, quick, and cash ratios. Which one is the most conservative measure of short-term liquidity?
3. How does the rationale for the operating cash flow ratio differ from the rationale for the current, quick, and cash ratios?
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