1. which of the following transactions and events would result in a deterioration in Quick Ratio? a. selling goods on credit at the normal mark-up b. acquiring cash proceeds from a 5-year interest-only bank loan c. a payment for wages owing from the previous period d. A and B only e. A and C only f. B and C only g. All of the above h. None of the above
1. which of the following transactions and events would result in a deterioration in Quick Ratio?
a. selling goods on credit at the normal mark-up
b. acquiring cash proceeds from a 5-year interest-only bank loan
c. a payment for wages owing from the previous period
d. A and B only
e. A and C only
f. B and C only
g. All of the above
h. None of the above
2. Based on your analysis from Part One, which of the following transactions and events would result in an improvement in Interest Coverage Ratio in year 2021?
a. receiving cash for unearned sales revenue
b.a payment of income tax owing from the previous period
c.an adjustment for accrued interest revenue
d.A and B only
e.A and C only
f. B and C only
g. All of the above
h. None of the above
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