Multiple Choice
Which business transaction will affect the quick ratio?
A) Purchase a fixed asset with money borrowed long term
B) Liquidate a temporary investment and put the money in a checking account
C) Sell some inventory and use the cash immediately to buy a fixed asset
D) Make a payment to a vendor on an account payable
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which is not one of the five
Q3: The major types of financial ratios include
Q9: Which of the following actions will improve
Q10: A firm with an equity multiplier of
Q11: What is the return on assets (ROA)
Q40: Financing activities also include long-term purchases and
Q47: A firm has current assets of $10,000
Q60: The Du Pont equations can be used
Q69: Liquidity Ratios measure the firm's ability to
Q79: Depreciation is considered in which area of