Multiple Choice
Beta Limited had a current ratio of 0.8:1 before borrowing $50,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Beta's current ratio?
A) The ratio remained unchanged.
B) The ratio decreased.
C) The ratio increased.
D) Cannot be determined.
Correct Answer:
Verified
Correct Answer:
Verified
Q150: If the components of price/earnings ratio are
Q151: In 20X2, C Co's gross profit ratio
Q152: Teel Company's working capital was $40,000 and
Q153: The following data were reported for
Q154: Howard Corporation reported a quick ratio of
Q156: To see if a company's cost of
Q157: What type of audit report indicates that
Q158: Return on assets (ROA) is usually viewed
Q159: Night Corporation gathered the following data
Q160: Financial ratio data is listed below