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The following balances are from the records of Ashdash Company at December 3 1 , Year 1 : Cash $ 2 , 0 0 0
The following balances are from the records of Ashdash Company at December Year :
Cash $
Accounts receivables net
Trading securities
Inventories
Property, plant, and equipment net of depreciation
Goodwill
Accounts payable
Current maturities of noncurrent debt
Noncurrent debt
Common stock
Additional paidin capital
Select from the option list provided the appropriate effect that the transaction had on each ratio or measurement. Assume each event is independent of the others. Each choice may be used once, more than once, or not at all.
Year transaction
Quick ratio
Working capital
Debttoequity ratio
Accounts receivable were collected.
Inventories were purchased on credit.
Half the current maturities of noncurrent debt were retired on December Year
An unusual in nature event caused $ worth of damage to the company's main building. Repairs were made by yearend and were paid for using a combination of cash and credit.
An executive exercised share options that had been granted as compensation and had vested in prior years. The market price was significantly higher at the date of exercise than at the date of grant.
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