What does a current ratio below 1 mean?
b. A current ratio below 1 signifies that a company has enough current assets to pay its short-term liabilities.
What is factor in finance?
factor. A company that provides short-term financing to firms by purchasing their accounts receivable at a discount. line of credit. A financial arrangement between a firm and a bank in which the bank pre-approves credit up to a specified limit, provided that the firm maintains an acceptable credit rating.
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