Multiple Choice
Arid Company has a quick ratio of 0.90.Which of the following,if it occurred on the last day of the accounting period,would increase Arid's quick ratio?
A) Borrowing with a short-term promissory note.
B) Paying off some accounts payable.
C) Accruing interest payable on its promissory notes.
D) Purchasing inventory on account.
Correct Answer:
Verified
Correct Answer:
Verified
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