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 93 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
Great answer, keep it coming :)

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Action Potentials Action Potentials
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
Mechanisms of Action of Antiemetic Medications Mechanisms of Action of Antiemetic Medications
A mobile weather station that can be used to gather current weather data at the scene of hazardous ... A mobile weather station that can be used to gather current weather data at the scene of hazardous ...
Gulf Stream/North Atlantic Current Gulf Stream/North Atlantic Current
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library