Which one of the following actions will increase the current ratio, all else constant? Assume the current ratio is greater than 1.0.
a. Cash purchase of inventory
b. Cash payment of an account receivable
c. Cash payment of an account payable
d. Credit sale of inventory at cost
e. Cash sale of inventory at a loss
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which one of the following actions will increase the current ratio, all else constant? Assume the current ratio is greater than 1.0. a. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Quantum Technology had $640,000 of retained earnings on December 31, 2010. The company paid common dividends of $30,000 in 2010 and had retained earnings of $500,000 on December 31, 2009.
Answers (1)
Debra saved only dimes and nickels in her bank. When she last counted the coins, she noticed there were twice as many dimes as nickels. She had $4.75 in her bank. How many dimes did she have in her bank?
Answers (1)
Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble, but Chef Noble has breached the contract by failing to pay for the potatoes.
Answers (1)
During the "night of broken glass" (november 9, 1938 adolf hitler ordered his brown shirts, the hitler youth, and gestapo to destroy jewish businesses and confiscate what money they had in bank accounts.
Answers (1)
What is the effective annual rate of 11 percent compounded semi-annually? 11.30 percent 11.37 percent 11.26 percent 11.41 percent 11.45 percent?
Answers (1)
New Questions in Business
If the market is in equilibrium, then an option must sell at a price that is exactly equal to the difference between the stock's current price and the option's strike price. a. True b. False
Answers (1)
You are considering buying a share of stock in XYZ Corporation. At the end of years 1, 2, and 3 the stock will pay you a dividend of $15. In addition, at the end of the third year you expect to sell the share of stock for $100.
Answers (1)
Who is responsible for reporting identity fraud? Choose one answer. a. The victim of fraud b. The police c. Any of the three credit reporting agencies d. The company that accepted a stolen credit card or false information
Answers (1)
Your company just received dresses from a new dress designer from China to be sold at your business. These simple dresses can be wrapped on an individual in many ways to create a simple dress, as a top blouse only, or as an "After 5" dressier piece.
Answers (1)
Is a salary increase, usually permanent, given because of an individual's past performance?
Answers (1)