26. A company's current ratio is 2.0. Which of the following actions would lower the current ratio, assuming everything else remains the same?

A) Borrow using short-term notes payable and use the proceeds to reduce accruals.

B) Borrow using short-term notes payable and use the proceeds to reduce long-term debt.

C) Use cash to reduce accruals.

D) Use cash to reduce accounts payable.

27. On June 23, 2018, Ulta Cosmetics sold $250,000 worth of its products to Rynex Corporation, with the payment to be made in 90 days on September 20. The goods were shipped to Rynex on July 2. The firm's accountants should recognize the sale on:

A) June 23, 2018.

B) July 2, 2018.

C) September 20, 2018.

D)None of the above

28. The DuPont equation shows the combined impact of a firm's control on its expenses along with its efficient use of assets and debt on its return on equity.

A)True

B)False