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Author Question: Walter Industries current ratio is 0.9. Considered alone, which of the following actions would ... (Read 44 times)

acwiles

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on: Aug 7, 2023

Question 1

Vang Corp.’s stock price at the end of last year was $52.80 and its earnings per share for the year was $3.25. What was its P/E ratio?

◦

13.92


◦

14.64


◦

15.70


◦

16.25



Question 2

Walter Industries’ current ratio is 0.9. Considered alone, which of the following actions would increase the company’s current ratio?

◦

Use cash to purchase inventories.


◦

Borrow using short-term notes payable and use the cash to purchase marketable securities.


◦

Use cash to reduce accrued taxes.


◦

Use cash to reduce long-term bonds outstanding.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by acwiles on Aug 7, 2023

bobbbbb

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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.
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acwiles

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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