To increase revenue during the year, Priti Ltd offered extended credit terms to its major customers. Whilst many major customers took advantage of the extended credit period, Priti Ltd did not increase its volume of sales. What impact did this have upon the current ratio? It is not possible to determine the impact on the current ratio as there is insufficient information available There was no change to the current ratio The current ratio decreased The current ratio increased One particular investment appraisal technique is quick and easy to calculate and can be understood by managers as it focuses on cash recovered. Which capital investment appraisal technique emphasises liquidity? Internal rate of return (IRR) Accounting rate of return (ARR) Net Present Value (NPV) Payback