Newell is more financially stable than Bradshaw.
Bradshaw is seeing a greater performance improvement than Newell.
Multiple Choice Question 128
A company with $60,000 in current assets and $35,000 in current
liabilities pays a $1,000 current liability. As a result of this
transaction, the current ratio and working capital will
increase and remain the same, respectively.
remain the same and decrease, respectively.
both decrease.
both increase.
Multiple Choice Question 131
Splish Brothers Inc. had a balance in the Accounts Receivable
account of $766000 at the beginning of the year and a balance of
$864000 at the end of the year. Net credit sales during the year
amounted to $6417000. The accounts receivable turnover was
7.9 times.