Which of the Following Would Help a Company Improve Its

question 19

Multiple Choice

Which of the following would help a company improve its quick ratio?

• A)Borrowing money on a long-term note just before the end of the accounting period.
• B)Shifting resources from long-term assets to supplies and inventory.
• C)Shifting obligations from long-term liabilities to short-term liabilities.
• D)Acquiring inventory by issuing a long-term note.

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Definitions:

Millimeters (Mm)

A unit of length in the metric system equal to one thousandth of a meter.

Inches

A unit of measurement in the Imperial system equal to 1/12th of a foot.

Gold Rope

Generally refers to a type of jewelry chain made of gold, characterized by links that form a spiral or twisted pattern.

Centimeters

A measurement of distance in the metric system that is equivalent to 0.01 meters.