Harrison Company Calculated the Following Amounts Concerning Its Financial Information

question 188

Essay

Harrison Company calculated the following amounts concerning its financial information for the years ending December 31,2017 and 2016:
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$\begin{array}{lrr}&2018&2017\\\text { Current ratio } & 3 . \overline{1 \text { to } 1} & 2.0 \overline{\text { to }} 1 \\\text { Profit margin } & 22 \% & 18 \%\end{array}$ Required
Suppose Harrison Company had a decrease in its cash account from 2017 to 2018.Would the other current asset amounts have increased or decreased? Explain.

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Definitions:

Equal Variances T-Test

A statistical test used to determine if two populations have equal variances, assuming that the populations are normally distributed and independent.

Completely Randomized Design

A research design in which subjects are randomly assigned to experimental groups in an entirely unsystematic way, ensuring each subject has an equal chance of being assigned to any group.

Partial ANOVA Table

An abbreviated table used in Analysis of Variance (ANOVA) that displays some but not all of the information related to the statistical test.

Experimental Units

The smallest unit of experiment which is independently assigned to a treatment group.