The Current Ratio for a Firm Is 3

question 8

Multiple Choice

The current ratio for a firm is 3.68. If the firm then purchases supplies on account, the current ratio will:

• A) Decrease
• B) Increase
• C) Be unaffected
• D) Insufficient information

---

Definitions:

Findings

Conclusions or results discovered through research, analysis, or investigation.

Executive Summary

A brief, comprehensive overview of a document or report, highlighting key points and conclusions.

Recommendations

Advice or suggestions given based on expertise or experience, often found in professional settings or academic evaluations.

Repetition

The process of reiterating previously mentioned or written information, commonly done to underline or clarify.