Description of this paper

A company's current assets are $150 and its? curre...

Description

Solution


Question

A company's current assets are $150 and its? current liabilities are $100. If the company uses cash to retire notes payable due within one year, would this transaction increase or decrease the current ratio and return on assets ratio? A) Current Ratio: Increase; Return on Assets: Increase B) Current Ratio: Increase; Return on Assets: Decrease C) Current Ratio: Decrease; Return on Assets: Increase D) Current Ratio: Decrease; Return on Assets: Decrease

 

Paper#8045 | Written in 18-Jul-2015

Price : $25
SiteLock