Assume a fiRm's Current Ratio Equals 3

question 142

Multiple Choice

Assume a firm's current ratio equals 3.1. Which of the following actions would increase it?

• A) Discarding and writing off spoiled inventory.
• B) Receiving a full cash payment on an account receivable.
• C) Paying off a short-term bank loan with the proceeds from new long-term debt.
• D) Purchasing new fixed assets using the proceeds from a new stock issue.
• E) Buying inventory on credit, thereby increasing accounts payable.

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Definitions:

Definition of Nursing

A profession focused on the care of individuals, families, and communities to maintain or recover optimal health and quality of life.

Healthcare Changes

Modifications or adjustments in healthcare policies, practices, or delivery systems aimed at improving patient care and outcomes.

Nursing Organizations

Groups or associations dedicated to supporting nurses, promoting professional development, and improving healthcare standards.

Nursing Assistive Personnel

Healthcare workers who provide basic nursing care under the supervision of registered nurses or licensed practical nurses.