Jones,IncHas a Current Ratio Equal to 1

question 83

Multiple Choice

Jones,Inc.has a current ratio equal to 1.40.Which of the following transactions will increase the company's current ratio?

• A) The company collects $500,000 of its accounts receivable.
• B) The company sells $1 million of inventory on credit.
• C) The company pays back $50,000 of its long-term debt.
• D) The company writes a $30,000 check to pay off some existing accounts payable.

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Definitions:

Boundary Role

Positions within an organization that involve the management of interactions between the internal and external environments of the business.

Role Ambiguity

Occurs when an individual lacks clear understanding about job duties, authority levels, and performance expectations, often leading to confusion and stress.

Job Insecurity

The fear or concern of losing one's job or facing employment instability.

Social Forces

The societal norms, cultural values, and structural factors that influence individual and group behaviors.