Question
A firm has $700,000 in current assets and $250,000 in current liabilities. Which of the following is correct if it uses cash to pay off
A firm has $700,000 in current assets and $250,000 in current liabilities. Which of the following is correct if it uses cash to pay off $100,000 in accounts payable?
A. Current ratio will increase to 2.8
B. Working capital will increase to $500,000
C. Current ratio will decrease
D. Current ratio will rise to 4.0
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Legal Aspects Of Trade Finance
Authors: Charles Chatterjee
1st Edition
1857433890, 978-1857433890
