C/S RATIO Definition

C/S RATIO see CONTRIBUTION/SALES RATIO.

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LIQUID is to be in a state of liquidity, i.e., maintain sufficient assets in the form of cash or assets easily convertible to cash to satisfy current liabilities. When speaking of money or an economy: being very liquid means it is driven by primarily by cash, checking/saving accounts, treasury bills, stocks and bonds, etc; while being very illiquid means it is driven primarily by human capital.

REAUDIT is when an auditor is asked to audit and report on financial statements
that have been previously audited and reported upon.

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