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Erica C
Guest
Quesiton 1: If the current ratio is 3 to 1 and the working capital is $100,000, then the current assets are:
a) $200,000
b) $150,000
c) $ 50,000
Question 2: What effect does the payment of interet expense have on total assets and the current ratio?
a) Total assets, no effect; current ratio; no effect
b) Total assets, increase; current ratio, increase
c) Total assets, decrease, current ratio, decrease.
Thank you!
a) $200,000
b) $150,000
c) $ 50,000
Question 2: What effect does the payment of interet expense have on total assets and the current ratio?
a) Total assets, no effect; current ratio; no effect
b) Total assets, increase; current ratio, increase
c) Total assets, decrease, current ratio, decrease.
Thank you!