As of December 31,Year 1,Gant Corporation Had a Current Ratio

question 14

Multiple Choice

As of December 31,Year 1,Gant Corporation had a current ratio of 1.29,quick ratio of 1.05,and working capital of $18,000.The company uses a perpetual inventory system and sells merchandise for more than it cost.On January 1,Year 2,Gant collected $5,200 of accounts receivable.As a result of this transaction,Gant's working capital will:

• A)Increase.
• B)Decrease.
• C)Remain the same.
• D)Cannot be determined.

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Definitions:

Patriarchy

In this society setup, males are primarily in command, dominating in areas such as political control, moral guidance, societal benefits, and property management.

Gender Equality

The state of equal access to resources and opportunities regardless of gender, including economic participation and decision-making.

Feminists

Advocates or supporters of the rights and equality of women, often focusing on challenging gender bias and social norms.

Exchange Theory

A social psychology and sociological perspective that explains human behavior in terms of the exchange of goods, services, and other benefits between people.