Multiple Choice
In 2012,C Co.reported a quality of earnings ratio of 1.60.In 2011 and 2010 the ratio was .97 and .98 respectively.Which of the following was the most likely cause of the large increase in the ratio?
A) An increase in current assets such as receivables and inventory.
B) An increase in trade payables and accrued liabilities.
C) An increase in sales revenue while profit remained the same.
D) None of these is a likely cause.
Correct Answer:
Verified
Correct Answer:
Verified
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