Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Nikul
Transcribed Image Text:The financial manager of Mystery, Inc. tells her banker that Mystery's accounts receivable
declined by $275,000 that day. Based on this, the bank knows that Mystery's current ratio:
Select one:
a. Must have increased from the day before.
b. Must have decreased from the day before.
C. Did not change from the day before.
O d. Declined since Mystery used cash from the day before.
Would possibly be affected, but more information is needed to know in which
direction.
e.
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