At the beginning of the year, Company C had the following items on its balance sheet:...
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At the beginning of the year, Company C had the following items on its balance sheet: Cash Marketable securities Inventory $100.000 70.000 25,000 I Prepaid assets 50,000 Net accounts receivable 30,000 Current liabilities 125,000 During the course of the year, C declared and paid dividends of $1 per share on its 40,000 shares of common stock. Assuming that the dividend payment is the only transaction in the year, what is the percentage change in the quick ratio as a result of the dividends? At the beginning of the year, Company C had the following items on its balance sheet: Cash Marketable securities Inventory $100.000 70.000 25,000 I Prepaid assets 50,000 Net accounts receivable 30,000 Current liabilities 125,000 During the course of the year, C declared and paid dividends of $1 per share on its 40,000 shares of common stock. Assuming that the dividend payment is the only transaction in the year, what is the percentage change in the quick ratio as a result of the dividends?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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