How Can a Company Improve Its Current Ratio

question 61

Multiple Choice

How can a company improve its current ratio?

• A)Work with a creditor to reclassify some current debt into long-term debt
• B)Collect accounts receivable
• C)Nothing can ethically be done to improve the current ratio
• D)Use excess cash to buy new equipment

Identify and use database objects effectively.

Understand database data types and their purposes.

Describe procedures for managing database files, including closing, backing up, and repairing databases.

Recognize and utilize different views and wizards to create or modify database elements like tables, queries, and forms.

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Definitions:

Contract

A contract between two or more parties that is recognized and enforceable under the law.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Extra Vacation Week

An additional week of vacation granted beyond the standard allocated time, often as a benefit or reward.

Valid Contract

An agreement between two or more parties that is enforceable by law, having all essential elements like offer, acceptance, and consideration.