If increased credit limits to generate sales, paid suppliers more slowly, sold account receivables, capitalized leases that were previously called operating leases, increased bad debt expense, and wrote down inventory, what would be the impact on cash and the current ratio?
Which one makes more sense to the quick ratio or the current ratio?

Answer rating: 100% (QA)

Letsee the impact of given condition on cash and current ratio one by one 1 Increased credit limits to generate sales Cash position will weak but curr... View the full answer