Purvis Corp

question 89

Multiple Choice

Purvis Corp.wants to increase its current ratio from the present level of 1.5 when it closes the books next week.The action of __________ will have the desired effect.

• A) payment of current payables from cash
• B) sales of current marketable securities for cash
• C) write down of impaired assets
• D) delay of next payroll
• E) none of these

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Definitions:

Exhausted

describes a state of extreme tiredness or fatigue, often resulting from physical or mental activity.

Depleted

Reduced in quantity or exhausted; often used in context with natural resources.

Point Source

A single, identifiable source of pollution, such as a pipe or a drain, from which pollutants are discharged.

Pollution

The introduction of contaminants into the natural environment that cause adverse change to air, water, or soil.