Which of the Following Events Will Cause a Company's Current

question 196

Multiple Choice

Which of the following events will cause a company's current ratio to decrease?

• A)The sale of inventory for cash
• B)The sale of inventory for credit (accounts receivable)
• C)Issuing stock for cash
• D)Paying off long-term debt with cash

---

Definitions:

Financial Data

Numerical information related to monetary transactions, investments, and the financial status of individuals or entities.

Onity Lock

An electronic lock system commonly used in hotels, offering key card access to rooms which enhances security and convenience for both guests and hotel management.

Black Hat Conference

A global information security event series providing the latest in research, development, and trends in cybersecurity.

Update Mechanism

A process or system used to make changes or improvements to software or data, ensuring the latest version is available.