Based on the information below and considering that this company paid $322,500 in cash to its suppliers during the year, what is the company's cost of goods sold for 2015?

	1/1/2015	12/31/2015
Inventory	$23,400	$34,560
Accounts payable	$354,000	$223,000

Select one:

a. $442,340

b. $311,340

c. $322,500

d. $180,340

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Question text

If a company has a current ratio below 1, which of the following transactions would cause the current ratio to increase?

Select one:

a. Purchasing inventory by signing a long-term note

b. Purchasing land with cash

c. Purchasing land by signing a short-term note

d. Collecting an account receivable