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don't copy from any source give explanation do 7 and 9 part only thank you Markowitz Company increased its allowance for uncollectable accounts. This adjustment
don't copy from any source give explanation do 7 and 9 part only thank you
Markowitz Company increased its allowance for uncollectable accounts. This adjustment will a. increase the acid test ratio. b. increase working capital. c. reduce debt-to-asset ratio. d. reduce the current ratio. 8. Shown below are selected data from Fortune Company's most recent financial statements. What is Fortune's net working capital? a. $35,000. b. $45,000. c. $50,000. d. $80,000. 9. Garstka Auto Parts must increase its acid test ratio above the current 0.9 level in order to comply with the terms of a loan agreement. Which one of the following actions is most likely to produce the desired results? a. Expediting collection of accounts receivable. b. Selling auto parts on account. c. Making a payment to trade accounts payable. d. Purchasing marketable securities for cash
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