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 126 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
:D TYSM

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio
Neuronal action potential. Neuronal action potential.
Transmission of the action potential Transmission of the action potential
The Emergency Action Guide entry for styrene. Useful information includes emergency response ... The Emergency Action Guide entry for styrene. Useful information includes emergency response ...
A current model for protein secretion by prokaryotes A current model for protein secretion by prokaryotes
Action of FMRP protein in normal and fragile-X cells Action of FMRP protein in normal and fragile-X cells
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library