This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Amram Companys current ratio is 2.4. Considered alone, which action would reduce the companys current ratio? (Read 135 times)

Darron12

  • Full Member
  • ***
  • Posts: 158
on: Aug 7, 2023

Question 1

ABC Inc. has a 65-day average payables period. The account payables are $2,960.60 at the beginning and $3,850.40 at the end of the year. What is the annual cost of goods sold? Use a 365-day year when calculating the APP.

◦

$16,810


◦

$17,322


◦

$18,190


◦

$19,123



Question 2

Amram Company’s current ratio is 2.4. Considered alone, which action would reduce the company’s current ratio?

◦

use cash to reduce accruals


◦

use cash to reduce accounts payable


◦

borrow using short-term notes payable and use the proceeds to reduce accrued taxes


◦

borrow using short-term notes payable and use the proceeds to purchase new equipment

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Darron12 on Aug 7, 2023

Deonnak85

  • Full Member
  • ***
  • Posts: 158
Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Darron12

  • Member
  • Posts: 158
Reply 2 on: Aug 7, 2023
Gracias!

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Current FDA Pregnancy Category Ratings with Examples Current FDA Pregnancy Category Ratings with Examples
To reverse the direction of operation, the polarity of the current through the motor is reversed. To reverse the direction of operation, the polarity of the current through the motor is reversed.
Schematic depiction of the action of tryptophan synthase in one functional unit Schematic depiction of the action of tryptophan synthase in one functional unit
Action of type I and type II topoisomerases, as shown by gel electrophoresis Action of type I and type II topoisomerases, as shown by gel electrophoresis
Action Potentials: Stimulus Strength Action Potentials: Stimulus Strength
Finding the angle from a ratio Finding the angle from a ratio
Video: ribosome

For a complete list of videos, visit our video library