Use the Following Information for Questions

question 63

Short Answer

Use the following information for questions.
Nelly Inc. reported net credit sales of $24,000,000 and cost of goods sold of $18,000,000 for the year. The average inventory for the year was $6,000,000.
-If a company has a current ratio of 1.3:1, what effects will the borrowing of cash by short-term debt and collection of accounts receivable have on the ratio?

---

Definitions:

Tertiary Circular Reactions

Repeated experimental behaviors in infants aged 12 to 18 months, part of their cognitive development, showing purposeful adaptation to new situations.

Primary Circular Reactions

Early repetitive behaviors in infants (1-4 months old) that focus on the infant's own body, part of sensorimotor development.

Secondary Circular Reactions

A developmental stage in infants where they repeat actions that affect their environment, showing an early understanding of cause and effect.

Bounded

Being enclosed within specific limits or boundaries.