Use the following information for questions
Anson Corporation had $325,000 in current assets and $145,000 in current liabilities before borrowing $100,000 from the bank for a 6-month period.
-What effect did the borrowing transaction have on the amount of Anson's working capital?
A) No effect
B) $100,000 increase
C) $145,000 increase
D) $100,000 decrease
Correct Answer:
Verified
Q78: A weakness of the current ratio is
A)the
Q80: The most important information needed to determine
Q81: The ability of a business to pay
Q82: A liquidity ratio measures the
A)net income or
Q83: A useful measure of solvency is the
A)current
Q84: Working capital is calculated as
A)current assets plus
Q86: Working capital is
A)calculated by dividing current assets
Q87: Use the following information to answer questions
Q89: Which of the following is not considered
Q90: Investors are usually most interested in evaluating
A)liquidity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents