FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A firm has $600,000 in current assets and $150,000 in current liabilities. Which of the following is correct if it uses cash to pay off

A firm has $600,000 in current assets and $150,000 in current liabilities. Which of the following is correct if it uses cash to pay off $150,000 in accounts payable? a. current ratio will increase to 5.0 b. net working capital will increase to $500,00 c. current ration will decrease d. Net working capital will not change

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Take Charge Of Your Money Now Essential Strategies For Winning In Any Financial Climate

Take Charge Of Your Money Now Essential Strategies For Winning In Any Financial Climate

Authors: A.J. Monte, Rick Swope

1st Edition

0345517334, 978-0345517333

More Books

Students also viewed these Finance questions

Question

★★★★★
A vertical dam has a semicircular gate as shown in the figure. Find the hydrostatic force against the gate. | 2 m water level 12 m 4 m

Answered: 1 week ago

Question

★★★★★
4. Estimates suggest that 70% of Blacks in the United States are of multi-racial heritage. Were you a of this? Begin noticing the variation in skin color, features, and hair texture among Blacks....

Answered: 1 week ago

Question

★★★★★
Comment on the following statement: By reducing the investors principal risk, a sinking fund provision benefits the investor.

Answered: 1 week ago

Question

★★★★★
Phillips, an African-American woman, applied for a position as secretary at the Mississippi legislature as a walk-in applicant. Phillips worked in the same building, which was made up of...

Answered: 1 week ago

Question

★★★★★
2. You are an appraiser, and your task is to appraise an office building. You are deciding to use the income method. The building has three floors. The ground floor features a big shopping area of...

Answered: 1 week ago

Question

★★★★★
Consider three bonds with 6.20% coupon rates, all making annual coupon payments and all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has a maturity...

Answered: 1 week ago

Question

★★★★★
Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of...

Answered: 1 week ago

Question

★★★★★
Gibson Valves produces cast bronze valves on an assembly? line, currently producing 2000 valves per shift. If the production changes to 1600 valves per? shift, labor productivity will change? by

Answered: 1 week ago

Question

★★★★★
The best-in-class value added performance has been measured at around: 80%10%50%30%

Answered: 1 week ago

Question

★★★★★
da) In 1 liters of 0.1 acetic acid, you dissolve 0.1 moles of sodium acetate. What kind of solution did you make? b) You make a solution as the one found in the earlier question by adding 7.5 grams...

Answered: 1 week ago

Question

★★★★★
Design a discovery area. Describe how you will choose the topic and give examples of the materials you will include. Choose a topic different to the example given about Bees

Answered: 1 week ago

Question

★★★★★
Compose the six common types of social business messages.

Answered: 1 week ago

Question

★★★★★
Describe positive and neutral messages.

Answered: 1 week ago

Question

★★★★★
Explain the reasons to choose the indirect plan or the direct plan for negative messages.

Answered: 1 week ago

Previous Question Next Question