Given a Current Ratio of 5 to 3, What Is

question 62

Multiple Choice

Given a current ratio of 5 to 3, what is the effect of paying a supplier within 30 days of the purchase?

• A) The current ratio would increase.
• B) The current ratio would decrease.
• C) The current ratio would remain the same.
• D) Unable to determine.

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Definitions:

Waving the Bloody Shirt

A phrase that originated in the post-Civil War era representing the use of war memories or martyrs to galvanize public opinion or garner support, typically for political purposes.

Ku Klux Klan

A white supremacist group founded in the 19th century that advocates for white dominance and has historically used terrorism to achieve its goals.

Secession

The withdrawal of a group from a larger entity, especially a political entity, often used in the context of the southern states leaving the Union before the American Civil War.

Fifteenth Amendment

An amendment to the United States Constitution, ratified in 1870, that prohibits the federal and state governments from denying a citizen the right to vote based on that citizen's "race, color, or previous condition of servitude."