When a time draft is drawn on and accepted by a business firm, it is known as a(n):

Notes Payable due within two years are classified as ________

A) current liabilities B) current assets C) long-term liabilities D) long-term assets

Which of the following is a capital budgeting method used to screen potential investments?

A) return on assets B) acid test ratio C) accounting rate of return D) debt-to-equity ratio