Ferris Corp

question 6

Multiple Choice

Ferris Corp.wants to increase its current ratio from the present level of 1.5 when it closes the books next week.The action of __________ will have the desired effect.

• A)payment of current payables from cash
• B)sales of current marketable securities for cash
• C)write-down of impaired assets
• D)delay of next payroll

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Definitions:

Social Responsibility

The ethical framework suggesting that an individual or organization has an obligation to act for the benefit of society at large.

Compound

A substance formed when two or more chemical elements are chemically bonded together.

Simple

Easy to understand or do; not complicated.