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15 In 20X3, C Co. reported a quality of earnings ratio of 1.60. In 20X2 and 20X1 the ratio was .97 and .98 respectively. Which
15 In 20X3, C Co. reported a quality of earnings ratio of 1.60. In 20X2 and 20X1 the ratio was .97 and .98 respectively. Which of the following was the most likely cause of the large increase in the ratio? An increase in current assets such as receivables and inventory. O An increase in sales revenue while net earnings remained the same. O A decrease in expense while net earnings remained the same. O An increase in trade payables and accrued liabilities. 2020 McGraw-Hill Education. All rights reserved
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