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A company tells their banker that the company's accounts receivable declined

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A company tells their banker that the company's accounts receivable declined by $275,000 that day. Based on this, the bank knows that the company's current ratio;A) Must have increased from the day before.;B) Must have decreased from the day before.;C) Did not change from the day before.;D) Declined but the quick ratio was unchanged from the day before.;E) Would possibly be affected, but more information is needed to know in which direction.

 

Paper#32766 | Written in 18-Jul-2015

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