Examine the effect on the company's current ratio and return on asset as shown in the table
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Question:
Examine the effect on the company's current ratio and return on asset as shown in the table if it continues to generate more sales and but takes on more long-term debt during 2023 in words.
For the Fiscal Period Ending | 12 months Dec-31-2020 | 12 months Dec-31-2020 | 12 months Dec-31-2020 |
Current Ratio | 1.3 times | 1 time | 1.1 times |
Return on Assets % | 7.03% | 11.48% | 10.61% |
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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