If a firm's current ratio exceeds 1.0, what happens as a result of paying cash to reduce accounts payable?

A) current ratio decreases
B) net working capital decreases
C) net working capital increases
D) current ratio increases

Answer: D) current ratio increases

Business

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An implied warranty of ________ is a warranty that applies to food or drink consumed on or off the premises of restaurants, grocery stores, fast-food outlets, and vending machines

A) statement of opinion B) express warranty C) stamp of approval D) fitness for human consumption

Business

For flattery to work effectively, it is important to

A) use it sparingly. B) combine it with a sprinkling of criticism. C) include an element of credibility. D) tell the other person you will be using flattery.

Business