A supply-based approach classifies competitors based on customer attitudes and behaviors

Assume the current ratio is 3 to 1 . Estimating the warranties expense on the period's sales would cause the current ratio to

a. increase b. decrease c. be unchanged since the effects offset one another d. be unchanged since it has no effect on any current accounts

When a net loss has been suffered, Retained Earnings will contain a negative balance

Indicate whether the statement is true or false