Multiple Choice
Which of the following would help a company improve its quick ratio without necessarily lowering the liability risk to a creditor?
A) Borrowing money on a long-term note just before the end of the accounting period.
B) Shifting resources from long-term assets to short-term assets such as supplies and inventory.
C) Shifting obligations from long-term liabilities to short-term liabilities.
D) Acquiring inventory by issuing a long-term note.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: A company typically records the amount owed
Q68: How many of the following statements are
Q70: A company issues $200,000 in long-term bonds
Q71: Your company issued bonds at a discount.
Q73: Many lending agreements require the borrowing company
Q76: A company has bonds outstanding with a
Q77: When the amount of a contingent liability
Q100: A company has liquid assets of $5
Q141: On January 1,your company issues a 5-year
Q218: Your company sells $50,000 of bonds for