The Project Gutenberg EBook of McGuffey's First Eclectic Reader, Revised. Edition, by William Holmes McGuffey. This eBook is for the use of anyone anywhere at no cost and with. almost no restrictions whatsoever. You may copy it, give it away or. re-use it under the terms of the Project Gutenberg License included. with this eBook or online at www.gutenberg.net. Title: McGuffey's First Eclectic Reader, Revised Edition.
It is a popular benchmark used in the measurement of an entity's (person or corporation) ability to produce enough cash to cover its debt (including lease) payments. The higher this ratio is, the easier it is to obtain a loan.
Debt Level: The amount of debt that an organization currently has. Current Ratio: Measures the ability of an organization to pay all of its debts over a given time period. Formula: (Current Assets) / (Current Liabilities) = (Current Ratio) Bad Debt: Debt that is not collectible, and is often written off as an expense.