As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant sold inventory on account. Which of the following statements is incorrect?
A. Gant's working capital will increase.
B. Gant's quick ratio will increase.
C. Gant's current ratio will increase.
D. None of these answers is correct.
Answer: B
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Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes. So when the local community became interested in eating a healthier diet, Christopher's benefited. In a SWOT analysis, the changing community attitudes are an example of a(n) _____ for Christopher's Restaurant.
A. strength B. threat C. weakness D. opportunity E. intelligence
In an advertisement for Curves for Women, consumers are encouraged to "join now" by offering them the rest of the summer free. This statement in the ad corresponds to which component of an attitude?
A) cognitive B) affective C) conative D) verbal
In the 1950s, the number of failures (of commercial banks and thrifts) per year averaged
A. near zero. B. about fifty. C. about 100. D. in the hundreds.
If a company borrows money via debt financing, the people or institutions that loan the money get an ownership share in the company.
Answer the following statement true (T) or false (F)