Secured bonds give bondholders the right to take specified assets of the issuer if the issuer fails to pay principal or interest

At December 30, year 3, Vida Co. had cash of $200,000, a current ratio of 1:5:1 and a quick ratio of 5:1. On December 31, year 3, all cash was used to reduce A/P. how did these cash payments affect the ratios?

a. increase ; decrease b. increase ; no effect c. decrease ; increase d. decrease ; no effect

Over-the-counter markets include all security markets, with the exception of organized exchanges

Indicate whether the statement is true or false