Engineering Economics
Current ratio is:

Current assets/Current liabilities
(Current assets + loans advances)/Current liabilities
(Current assets + loans)/Current liabilities
None of these

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Engineering Economics
In case of bankruptcy of a partnership,

The partners are not liable for the liabilities of the partnership
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners nay sell stock to generate additional capital
The partners personal assets are attached to the debt of the partnership

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