12. Ferris Corp. wants to increase its current ratio from the present level of 1.5 when it closes the books next week. The action of will have the desired effect. O A. payment of current payables from cash O B. sales of current marketable securities for cash O D. delay of next payroll E. None of these is correct.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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12. Ferris Corp. wants to increase its current ratio from the present level of 1.5
when it closes the books next week. The action of
will have the
desired effect.
O A. payment of current payables from cash
O B. sales of current marketable securities for cash
D. delay of next payroll
O E. None of these is correct.
Transcribed Image Text:12. Ferris Corp. wants to increase its current ratio from the present level of 1.5 when it closes the books next week. The action of will have the desired effect. O A. payment of current payables from cash O B. sales of current marketable securities for cash D. delay of next payroll O E. None of these is correct.
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