Windham Corporation has current assets of $440,000 and current liabilities of $550,000. Windham Corporation's current ratio would be increased by: Multiple Choice the purchase of $140,000 of inventory on account. the payment of $140,000 of accounts payable. the collection of $140,000 of accounts receivable. refinancing a $140,000 long-term loan with short-term debt.
Windham Corporation has current assets of $440,000 and current liabilities of $550,000. Windham Corporation's current ratio would be increased by: Multiple Choice the purchase of $140,000 of inventory on account. the payment of $140,000 of accounts payable. the collection of $140,000 of accounts receivable. refinancing a $140,000 long-term loan with short-term debt.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Windham Corporation has current assets of $440,000 and current liabilities of $550,000. Windham Corporation's
Multiple Choice
the purchase of $140,000 of inventory on account.
the payment of $140,000 of accounts payable.
the collection of $140,000 of
refinancing a $140,000 long-term loan with short-term debt.
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