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:

Civil War

A conflict between factions or regions within the same country, often fought over political, social, or economic issues.

Strategies

Plans of action designed to achieve a specific goal or overcome obstacles.

Devastating Loss

A situation in which there is significant harm or destruction, often accompanied by intense emotional grief.

Northern Strategy

The plans and tactics employed by the Union (Northern United States) during the Civil War, aimed at defeating the Confederacy and preserving the Union.