All Else the Same, Which of the Following Occurs When

question 143

Multiple Choice

All else the same, which of the following occurs when a firm buys inventory with cash?

• A) The quick ratio goes up if it was greater than one before the change.
• B) The current ratio goes down if it was greater than one before the change.
• C) The current ratio goes down if it was lower than one before the change.
• D) The quick ratio goes up if it was lower than one before the change.
• E) The quick ratio declines but the current ratio remains unchanged.

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Definitions:

Workplace Disputes

Conflicts that arise in the workplace over issues such as working conditions, employee rights, and management practices.

Determination

The resolve or firmness of purpose someone has in pursuing a goal, often in the face of adversity.

Open Door Policies

Policies adopted by employers to encourage employees to communicate openly with management about concerns, grievances, or suggestions without fear of reprisal.

Due Process

A judicial principle that guarantees equitable treatment within the regular legal system, particularly as a right of citizens.