Ringer Corporation Had a Current Ratio of 3

question 4

Multiple Choice

Ringer Corporation had a current ratio of 3.1 at the end of 2013.Current assets and current liabilities increased by equal amounts during 2014.The effects on net working capital and on the current ratio,respectively,were

• A) no effect;increase.
• B) no effect;decrease.
• C) increase;increase.
• D) decrease;decrease.

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Definitions:

Latex Allergy

An allergic reaction to natural rubber latex, characterized by symptoms ranging from skin redness and itching to more severe respiratory or systemic reactions.

Latex Gloves

Protective gloves made from natural rubber latex, commonly used in medical and industrial applications for barrier protection against contaminants.

Sterile Field

An area free of microorganisms used as a work area during a surgical procedure.

Mayo Stand

A movable stainless steel instrument tray on a stand.