errata 25884

modules/m00042/index.cnxml

@@ -70,7 +70,7 @@
     </section>
     </content>
     <glossary>
-    <definition id="def-00001"><term>cash ratio</term> <meaning>represents the firm’s cash and cash equivalents divided by current liabilities; often used by investors and lender to asses an organization’s liquidity</meaning></definition>
+    <definition id="def-00001"><term>cash ratio</term> <meaning>represents the firm’s cash and cash equivalents divided by current liabilities; often used by investors and lender to assess an organization’s liquidity</meaning></definition>
     <definition id="def-00002"><term>current ratio</term> <meaning>current assets divided by current liabilities; used to determine a company’s liquidity (ability to meet short-term obligations)</meaning></definition>
     <definition id="def-00003"><term>liquidity</term> <meaning>ability to convert assets into cash in order to meet primarily short-term cash needs or emergencies</meaning></definition>
     <definition id="def-00004"><term>quick ratio</term> <meaning>also known as the <emphasis effect="italics">acid test ratio</emphasis>; ratio used to determine a firm’s ability to pay short-term debts using its most liquid assets</meaning></definition>