How would the quick ratio be affected by a prepayment of $30,000 for fire and liability insurance?
Fantastic news! We've Found the answer you've been seeking!
Question:
a. | The quick ratio would decrease. |
b. | The quick ratio would increase. |
c. | The quick ratio would not change. |
d. | The effect cannot be determined from the information given. |
Related Book For
College Physics
ISBN: 978-0495113690
7th Edition
Authors: Raymond A. Serway, Jerry S. Faughn, Chris Vuille, Charles A. Bennett
Posted Date: