Please answer number 7 and 8 only no need to explain. Thanks! 7. Other things held constant,which of the following will notaffect the current ratio, assumingan initial current ratio greaterthan 1.0?A. Fixed assets are sold for cash.B. Long-term debt is issued to pay offcurrent liabilities.C. Accounts receivable are collected.D. Cash is used to pay off accountspayable.E. A bank loan is obtained, and theproceeds are credited to the firm'schecking account8. Earnings per share is affectedbyA. net incomeB. number of sharesC. dividendsD. A & B onlyE. A, B & C

Financial ratios are those which provide a summary of the accounts of a company and helps an…

A. Fixed assets are sold for cash. B. Long-term debt is issued to pay off current liabilities. OC. Accounts receivable are collected. D. Cash is used to pay off accounts payable. E. A bank loan is obtained, and the proceeds are credited to the firm's checking account 8. Earnings per share is affected by A. net income B. number of shares C. dividends D. A & B only E. A, B & C

A. Fixed assets are sold for cash. B. Long-term debt is issued to pay off current liabilities. OC. Accounts receivable are collected. D. Cash is used to pay off accounts payable. E. A bank loan is obtained, and the proceeds are credited to the firm's checking account 8. Earnings per share is affected by A. net income B. number of shares C. dividends D. A & B only E. A, B & C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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