Question 13 of 30 20 Points Indicate which statement is FALSE? A corporation may

Question

Question 13 of 30 20 Points Indicate which statement is FALSE? A corporation may choose net to pay cash dlvidends becausethe board and management preter to reinvest all net income for funure grown enet Selection Mark for Review Whart's Ths? 20 Paints aibet Company has cash of 85,000, accounts receivable of $24,000, Inventory of 218,000, pepaiinance 10,000 and and of $10,000 Assuming cument s of $34.000 this company's cument ratio is G. 1.15 D. 1.76 Mark for Review Whwr's Ths 20 Points MacBook Air ?,, K.

Explanation / Answer

Q13. Answer is B. A stock split will affect the total value of Common Stock Account Q14. Answer is E. 1.91 Explanation: Current liabilities: $ 34000 Current assets: 5000+24000+26000 +10000= $ 65000 Current ratio: Current assets/ Current liabilities 65000 /34000 = 1.91

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