The Johnson company has a current ratio of 1.45 . The company has just sold $600,000 worth of merchandise on credit. What will the current ratio be after the sales on credit?
a. greater than 1.45
b. 1.45
c. less than 1.45
d. unable to determine without more information
A
You might also like to view...
Which of the following is a similarity between leniency and central tendency?
A. Both are contrast errors in performance appraisals. B. Both are types of distributional errors in performance appraisals. C. Both occur when people are compared against one another instead of against an objective standard. D. Both are behaviors that are never stated as formal requirements of a job.
Loraine is a shareholder of Taley Corp She would like to inspect and copy the company's minute book, accounting records, and shareholder lists. Under what circumstances is Loraine allowed to inspect or copy corporate records?
After calculating both the brand development index (BDI) and the category development index (CDI), a media planner obtains the following results: low BDI and low CDI. Which of the following is likely to be true of the product class and the product?
A. low market share and poor market potential B. high market share and good market potential C. high market share but not a good market to advertise in D. low market share and good market potential E. high market share with required monitoring for sales decline
The case of Dunnam v. Burns held that usury statutes establish a maximum rate of interest for which a lender may charge a borrower
Indicate whether the statement is true or false