Question
When a fixed asset is sold for less than book value, which one of the following will decrease? A. Current ratio. B. Total current
When a fixed asset is sold for less than book value, which one of the following will decrease? A. Current ratio. B. Total current assets. C. Net profit. D. Net working capital.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
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