Strategies to Increase the Current Ratio May Include

question 83

Multiple Choice

Strategies to increase the current ratio may include:

• A) increasing sales.
• B) paying off current liabilities before the end of the year.
• C) the questionable practice of reclassifying long-term investments as short-term investments.
• D) all of the above.

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Definitions:

In Transit

Describes goods that are currently being transported from one location to another.

Carrier-ready

A term indicating that a product, particularly in telecommunications, is prepared and available for deployment or distribution by a carrier network.

Transport-ready

A term used to describe goods or items that are prepared and packed for shipping.

Magnuson-Moss Act

A federal law enacted in 1975 designed to protect consumers from deceptive warranty practices, applying primarily to consumer products.