Matching principle can be used to describe the composition of a balance sheet.

Group of answer choices

True

False

Which of the following statements is most correct?

Group of answer choices

A) If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its current ratio must rise

B) If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its quick ratio must fall

C) A companys quick ratio may never exceed its current ratio

D) Statements b and c are correct

E) None of the answers above is correct

Satoshi Nakamoto invested $3,489 exactly 15 years ago at a 9.34% interest rate that is compounded annually. What is Satoshi's investment worth today?

Group of answer choices

$914.14

$13,316.41

$12,000.00

$1,025,600.99

inance Inc. has debt to equity ratio of 1.35, compute the firm's total debt ratio.

Group of answer choices

57.45%

42.55%

35%

Insufficient information provided

none of the above

Which of the following will increase the liquidity level of a firm?

I. the purchase of inventory for cash

II. the sale of inventory on credit

III. the sale of inventory for cash

IV. the collection of accounts receivable

Group of answer choices

III only

IV only

I and III only

II, III, and IV only

I, II, III, and IV