The Data of Franklin Brothers Corp Based on the Above Information,which of the Following Statements Is

question 35

Multiple Choice

The data of Franklin Brothers Corp.for two years are given below. $$\begin{array} { | l | r | r | } \hline & 2016 & 2017 \\\hline \text { Cash and cash equivalents } & \$ 5,300 & \$ 12,300 \\\hline \text { Total current liabilities } & 24,000 & 35,000 \\\hline\end{array}$$ Based on the above information,which of the following statements is true?

• A)Cash ratio has increased from 0.02 in 2016 to 0.03 in 2017.
• B)Cash ratio has increased from 0.05 in 2016 to 0.08 in 2017.
• C)Cash ratio has increased from 0.351 in 2016 to 0.221 in 2017.
• D)Cash ratio has increased from0.221 in 2016 to 0.351 in 2017.

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Definitions:

Postpurchase Cognitive Dissonance

The feeling of uncertainty or regret that a consumer may experience after making a purchase decision.

Lessen Dissonance

The act of reducing conflict or inconsistency, especially in the context of cognitive dissonance in psychology, where individuals strive for internal consistency between their beliefs and actions.

Frequent-Flyer Miles

Loyalty program points awarded by airlines to passengers who travel with them, which can be redeemed for flight discounts, upgrades, or other rewards.

Noncompensatory Decision

A decision-making process in which options are evaluated in a way that one attribute cannot make up for a disadvantage in another.