This quiz will be graded out of 12.5 marks. Each of the three multiple choice questions is
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This quiz will be graded out of 12.5 marks. Each of the three multiple choice questions is worth 1.0 marks. 1. The current ratio is 1.5. What happens to the current ratio when the company's liabilities increase by $50,000? Assume everything else stays the same. a) The current ratio will remain the same. b) The current ratio will increase above 1.5. c) The current ratio will decrease below 1.5. d) None of the above
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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