Look Good Corporation has current assets of $1.1 million and current liabilities of $1 million. It is close to year-end, and it would like to increase its current ratio. Which of the following will achieve this?
A)Encourage customers to pay their bills more quickly.
B)Increase short-term borrowings by $0.1 million.
C)Sell building for $0.2 million in cash.
D)Liquidate some of its trading marketable securities.

Question

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The Answer of Look Good Corporation has current assets of $1.1 million and current liabilities of $1 million. It is close to year-end, and it would like to increase its current ratio. Which of the following will achieve this?
A)Encourage customers to pay their bills more quickly.
B)Increase short-term borrowings by $0.1 million.
C)Sell building for $0.2 million in cash.
D)Liquidate some of its trading marketable securities.

Look Good Corporation Has Current Assets of $1