Current ratio illustrates financial position of 1- long - term 2- short term 3- both 4- all anser are falde

Ans is1, it compares current asset over current liability to determine if it liabilities can be paid off in next12 months. it makes it a long term because it information is to be used in12 months which is a long term.

Short term as well as Long Term

All the time Maintaining a good ratio is something very important with long term prospective.