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Current ratio
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Barney co.'s current ratio is 2:1. Which of the following transactions would normally increase Barneys's current ratio? A. purchasing inventory on account B. borrowing money by signing a long-term note C. collecting an account receivable D. purchasing land for cash
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What effect, if any, does a payment received in full (receivable) is there on current ratio? -increase, decrease, or no effect - why?? Any help would be greatly appreciated!
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Can someone help me please with this question? The lenders of X have asked you to prepare the following ratios for the company from their comparative financial statements. They are concerned about Soukup’s ability to continue as a going concern. The ratios are as follows: Year 2003 ...
Gas line & dryer vent pipe - how close is too close?
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Current Ratio
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How would the following actions affect a firm’s current ratio? 1. A customer prepays in full for specially ordered merchandise that it will take 60 days to manufacture. 2. Inventory is sold at the firm’s normal 35% markup cost. View more questions Search
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