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 94 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
Wow, this really help

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Mechanism of action of antipsychotic drugs: (a) overproduction of dopamine; (b) antipsychotic medica Mechanism of action of antipsychotic drugs: (a) overproduction of dopamine; (b) antipsychotic medica
Action of an Osmoreceptor Action of an Osmoreceptor
Neuronal action potential. Neuronal action potential.
Mechanism of action of antipsychotic drugs. (a) Overproduction of dopamine; (b) antipsychotic ... Mechanism of action of antipsychotic drugs. (a) Overproduction of dopamine; (b) antipsychotic ...
Comparison of Graded & Action Potentials Comparison of Graded & Action Potentials
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library