Author Question: This ratio is useful in revealing a firm's ability to pay its bills. a. Working Capital b. Ability ... (Read 236 times)

azncindy619

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This ratio is useful in revealing a firm's ability to pay its bills.
 a. Working Capital
  b. Ability to Pay Ratio
  c. Current Ratio
  d. Long-Term Ratio

Question 2

As payments are being made for debt service payments related to a capital lease, a General Fund will report
 
  A. An increase in capital assets equal to the amount of principal retired.
  B. Expenditures for interest only.
  C. Expenditures for principal reduction only.
  D. Expenditures for the full amount of the debt service payment.



stillxalice

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Answer to Question 1

C

Answer to Question 2

D



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