Multiple Choice
A company with a current ratio of 2.4 times will see that ratio decrease when the company
A) pays a large current liability.
B) declares a 10 percent stock dividend on its common stock.
C) borrows cash by issuing a short-term note payable.
D) converts a short-term liability to a long-term liability.
Correct Answer:
Verified
Correct Answer:
Verified
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