Which of the following actions will increase a companys quick ratio? a). Reduce inventories and use the
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following actions will increase a company’s quick ratio?
a). Reduce inventories and use the proceeds to reduce long-term debt.
b). Reduce inventories and use the proceeds to reduce current liabilities.
c). Issue short-term debt and use the proceeds to purchase inventory.
d). Issue long-term debt and use the proceeds to purchase fixed assets.
e). Issue equity and use the proceeds to purchase inventory.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date: