Alpha Enterprise Has Total Current Assets of $2,000,000 and Total

question 24

Multiple Choice

Alpha Enterprise has total current assets of $2,000,000 and total current liabilities of $800,000.If the company purchases $100,000 of inventory for cash,while none of its other assets and liabilities change,its current ratio will ________.

• A)increase
• B)decrease
• C)stay the same
• D)The answer cannot be determined from the information given.

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and coordinating information from the body.

Peripheral Nervous System

The part of the nervous system that lies outside the central nervous system, responsible for transmitting signals between the central nervous system and the rest of the body.

Somatic and Autonomic

Relating to the division of the peripheral nervous system that controls the body's voluntary muscle movements (somatic) and regulates involuntary actions like heart rate and digestion (autonomic).

Autonomic Nervous System

The component of the nervous system responsible for controlling automatic bodily processes, such as the regulation of heart rate, digestion, and breathing rate.