Given a Current Ratio of 5 to 3, What Is

question 62

Multiple Choice

Given a current ratio of 5 to 3, what is the effect of paying a supplier within 30 days of the purchase?

• A) The current ratio would increase.
• B) The current ratio would decrease.
• C) The current ratio would remain the same.
• D) Unable to determine.

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Definitions:

Values and Principles

Are the fundamental beliefs and ethical guidelines that govern an individual's or organization's actions and decisions.

Honesty

The quality of being truthful, transparent, and free from deceit in one's actions and communications.

Ethics

The branch of philosophy dealing with morals, values, and principles that govern individual or group behavior.

Legal

Pertains to laws or the structure of rules that are enforced through social or governmental institutions to regulate conduct.