The following items appear on the balance sheet of The Piano Company at the end of 2017 and 2016: 2017 2016 Current assets $6,000 $3,000 Long-term assets 7,000 4,000 Current liabilities 2,000 3,000 Long-term liabilities 7,000 0 Stockholders' equity 4,000 4,000 Between 2016 and 2017
a. The Piano Company's debt-to-equity ratio and current ratio both increased.
b. The Piano Company's debt-to-equity ratio and current ratio both decreased.
c. The Piano Company's debt-to-equity ratio increased and its debt-to-total assets ratio decreased.
d. The Piano Company's debt-to-equity ratio decreased and its debt-to-total assets ratio increased.
a
You might also like to view...
Debt-to-equity ratio
a. Total liabilities b. Total stockholders' equity c. Net income d. Interest expense e. Cash flow from operations before interest and tax payments f. Cash paid for acquisitions g. Cash flow from operations h. Total dividends paid
In a push promotion strategy, the producer promotes a product to channel members who in turn promote it to final consumers
Indicate whether the statement is true or false
Beautiful actresses appear in ads testifying to the quality of a brand of hair coloring products. This is an application of which learning theory?
A) operant conditioning B) cognitive dissonance C) hierarchy of needs D) classical conditioning E) observational learning
Path–goal theory suggests that leaders should respond to followers who need clarity and control from a(n) ______.
A. achievement style B. supportive style C. directive style D. participative style