Question
Hello, I need help with a question in Healthcare Finance: An Introduction to Accounting and Financial Management by Gapinski Chapter 17.1 a Modern Medical Devices
Hello, I need help with a question in Healthcare Finance: An Introduction to Accounting and Financial Management by Gapinski
Chapter 17.1 a Modern Medical Devices has a current ratio of 0.5. Which of the following actions would improve (i.e., Increase) this ratio.
1)Use cash to pay off current liabilities.
2)Collect some of the current accounts receivable
3)use cash to pay of some long-term debt
4)purchase additional inventor on credit
5)sell some of the existing inventory at cost
17.1b assume that the company has a current ratio of 1.2. Now which of the above actions would incrase the ratio?
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