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Author Question: Which of the following statements is correct? (Read 36 times)

M1ch3a

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on: Aug 7, 2023
Which of the following statements is correct?

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If a firm sold some inventory on credit, there is no reason to think that either its current or quick ratio would change.


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If a firm sold some inventory for cash and left theproceedsin its bank account, its current ratio would probably not change much, but its quick ratio would decrease.


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The inventory turnover ratio and days’ sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its current assets.


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If a firm sold some inventory on credit, its current ratio would probably not change much but its quick ratio would decrease.

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Marked as best answer by M1ch3a on Aug 7, 2023

furthoh

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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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M1ch3a

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

miss.ashley

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

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