Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

1. a company has a current ratio of 3:1. which action will decrease this ratio? a. issue of long term debentures b. sale of equipment

1. a company has a current ratio of 3:1. which action will decrease this ratio?

a. issue of long term debentures b. sale of equipment for cash c. declaration of a dividend d. collection of an accounts receivable

2. which price earning ratios and earnings yield do not match?

a. price earning ratio of 5; earnings yield of 20% b. price earning ratio of 8; earnings yield of 12.5% c. price earning ratio of 9; earnings yield of 12% d. price earning ratio of 10; earnings yield of 10%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions