ABC Inc Has Determined That It Needs to Increase Its Current

question 60

Multiple Choice

ABC Inc. has determined that it needs to increase its current ratio in order to be in compliance with a creditor's loan agreement. All else being equal, which of the following ways would be best for increasing their current ratio?

• A) Increasing long-term assets
• B) Decreasing current assets
• C) Decreasing current liabilities
• D) Increasing long-term liabilities

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Definitions:

Interview

A structured conversation where one party asks questions, and the other provides answers, commonly used for job selection processes.

Employer

An individual or organization that hires and pays people to work for them.

Interview Closing Process

The final phase of an interview in which the interviewer wraps up the conversation, provides information about the next steps, and thanks the candidate.

Next Step Questions

Questions designed to guide or determine subsequent actions or phases in a process.