(CMA adapted, Dec 93 #17) Norton Inc has a 2 to 1 current ratio. This ratio would increase to more than 2 to 1 if
a. a previously declared stock dividend were distributed.
b. the company wrote off an uncollectible receivable.
c. the company sold merchandise on open account that earned a normal gross margin.
d. the company purchased inventory on open account.
e. none of the above.
C
Business
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Dividends are profits that corporations keep.
Indicate whether the statement is true or false
Business
The U.S. government's most comprehensive source of world trade data is:
A) National Trade Data Base (NTDB). B) Census Bureau. C) Bureau of Economic Analysis. D) Eurostat. E) Gross Domestic Product (GDP).
Business