If a fiRm Uses Part of the Cash It Received

question 78

True/False

If a firm uses part of the cash it received from payment of an account receivable to buy inventory
and leaves the rest in its bank account, its current ratio will remain unchanged.

---

Definitions:

Diversity

Differences among people in terms of identity, age, sex, race, physical ability, ethnicity, religious beliefs, values and mores, sexual orientation, and personality.

Identities

The qualities, beliefs, personality, looks, and expressions that make a person (or group) different from others.

Ethnicity

A category of people who identify with each other based on shared ancestral, social, cultural, or national experiences.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both sexes, neither sex, or another sex, as well as a person's sense of identity based on those attractions.