Multiple Choice
Scott Company had a current ratio of 2.76:1 in Year 1 and 2.57:1 in Year 2.This change in current ratio indicates:
A) the company's debt paying ability has improved.
B) the company's debt paying ability has weakened.
C) the company's customers are paying their accounts sooner.
D) the company is able to sell its inventory faster.
Correct Answer:
Verified
Correct Answer:
Verified
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