A Firm Has a Current Ratio of 1; in Order

question 80

Multiple Choice

A firm has a current ratio of 1; in order to improve its liquidity ratios, this firm might ________.

• A) improve its collection practices by providing extended credit policy.
• B) improve its collection practices and pay accounts payable, thereby decreasing current liabilities and decreasing the current and quick ratios.
• C) decrease current liabilities by utilizing more long-term debt, thereby increasing the current and quick ratios.
• D) increase inventory, thereby increasing current assets and the current and quick ratios.

Identify and apply the best practices for audience analysis.

Recognize the importance of structuring presentations according to the audience's needs and the presentation's objectives.

Distinguish between different types of presentation structures and their appropriate use cases.

Acknowledge the significance of integrating storytelling and engagement strategies to maintain audience interest.

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Definitions:

Assumption Of Risk

This is a legal doctrine where an individual knowingly exposes themselves to danger and is thus responsible for any resulting injuries.

Strict Product Liability

A legal doctrine holding manufacturers and sellers accountable for distributing defective goods, regardless of fault.

Product Liability

Product liability refers to the legal responsibility of a manufacturer or vendor for selling a faulty product that causes injury or harm to a consumer.

Assembled Improperly

Refers to the incorrect or faulty assembly of parts or components, often leading to malfunction or inefficiency.