31.(TCO 6) What is important to a firm's long-term debt paying ability?(Points : 5)

Expenses

Capital assets

Long-term debt

Profitability

Question 32.

32.(TCOs 5 and 6) Which of the following is typically considered the most indicative of a firm's short-term debt paying ability?(Points : 5)

Working capital

Current ratio

Acid test

Cash ratio

Days' sales in receivables

Question 33.

33.(TCO 5) The bond payable account is considered a firm's(Points : 5)

asset.

expense.

liability.

cash.