Question
14. Aspinall Company has a current ratio of 1.5. How would the payment in cash of an account payable affect the current ratio and the
14. Aspinall Company has a current ratio of 1.5. How would the payment in cash of an account payable affect the current ratio and the debt to equity ratio, respectively?
Current Ratio Debt to Equity
A. Increase No change
B. Decrease No change
C. Increase Decrease
D. Decrease Decrease
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Managerial Accounting
Authors: Brenda Mallouk
2nd Edition
017640709X, 978-0176407094
