When a company sells land for cash and makes a $25,000 gain:
A) Its acid-test ratio decreases.
B) Its current ratio decreases.
C) Its debt to equity ratio decreases.
D) Cannot determine from the given information.
Correct Answer:
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Q29: Stealth Company's 2013 receivables turnover ratio is:
A)2.85.
B)4.70.
C)5.00.
D)10.63.
Q30: HHF's times interest earned ratio is:
A)3.47.
B)1.72.
C)2.47.
D)10.0.
Q31: Excerpts from TPX Company's December
Q32: Which of the following is not a
Q33: Stealth Company's 2013 inventory turnover is:
A)3.62 times.
B)3.96
Q35: Assuming an acid-test ratio of 1.0,how will
Q36: When a company pays a bill from
Q37: Assuming a current ratio of 1.0,how will
Q38: Excerpts from TPX Company's December
Q39: The current ratio is:
A)1.98.
B)1.58.
C)1.17.
D)0.66.
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