Solved

In 2012,C Co

Question 59

Multiple Choice

In 2012,C Co.reported a quality of earnings ratio of 1.60.In 2011 and 2010 the ratio was .97 and .98 respectively.Which of the following was the most likely cause of the large increase in the ratio?


A) An increase in current assets such as receivables and inventory.
B) An increase in trade payables and accrued liabilities.
C) An increase in sales revenue while profit remained the same.
D) None of these is a likely cause.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents