Comparing This Year's Results to Last Year's,Hector Discovered That His

question 107

Multiple Choice

Comparing this year's results to last year's,Hector discovered that his firm's current ratio improved from 1.5 to 2.0.What has happened?

• A)Current liabilities have decreased.
• B)Fixed assets have increased.
• C)Ownership equity has increased.
• D)Long-term debt has decreased.

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Definitions:

Imagery

The use of descriptive language to create pictures in the mind or the visualization of scenes or objects.

Bicycle

A human-powered vehicle with two wheels attached to a frame, one behind the other, propelled by pedals.

Cigarette

A narrow cylinder of finely cut tobacco rolled in paper, intended for smoking.

Short-Term Memory

The capacity for holding a small amount of information in the mind in an active, readily available state for a short period.