31) The current ratio of a fi rm would be increased by which of the following? a

Question

31) The current ratio of a fi rm would be increased by which of the following?
a. Inventories are sold for cash.
b. Equipment is purchased, fi nanced by a long-term debt issue.
c. Land held for investment is sold for cash.
d. Inventories are sold on a credit basis.
32) The current ratio of a fi rm would be decreased by which of the following?
a. Inventories are sold on a long-term credit basis.
b. Equipment is purchased, fi nanced by a long-term debt issue.
c. Inventories are sold for cash.
d. Land held for investment is sold for cash.

Explanation / Answer

31) c. Land held for investment is sold for cash. 32) d. Land held for investment is sold for cash.

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