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es QUESTION 8 Fortunately, Enrons fraud only effected the employees and stareholders of True False QUESTION 9 The quick rati
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Answer #1

The answer is FALSE
Enron scandal shook the wall street, affected the audit firm Arthur Anderson and many more

9.TRUE

Current ratio = current assets/current liabilities

Quick ratio = (current assets- inventory – prepaid assets)/current liabilities

Hence, quick ratio is usually smaller than current ratio or it can be equal in case of 0 inventory and prepaid assets

Hence, the statement is TRUE

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