​In Order for Tax Restructuring to Occur in Texas,_____

question 38

Multiple Choice

​In order for tax restructuring to occur in Texas,_____.

• A)​the public would have to be more accepting of a state income tax
• B)​businesses would have to accept an activity tax like a corporate income tax
• C)​state politics and attitudes would have to change
• D)​regular revenue shortfalls would have to end and taxes would have to be more elastic
• E)​all of these

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Definitions:

Liquidity Ratios

Financial metrics used to evaluate a company's ability to pay off its short-term liabilities with its liquid assets.

Current Assets

Financial assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Current Liabilities

Short-term financial obligations due within one year or within the company's operating cycle.

Asset Management Ratios

Financial metrics used to assess how efficiently a company manages its assets to generate revenue.