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Author Question: This ratio is useful in revealing a firm's ability to pay its bills. a. Working Capital b. Ability ... (Read 230 times)

azncindy619

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on: Jul 6, 2018
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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Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

D


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azncindy619

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Reply #2 on: Jul 6, 2018
Thank you :)


stillxalice

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Reply #3 on: Jul 6, 2018
Happy to help you


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