hich one of the following transactions can immediately improve the Debt to Total Assets Ratio? A Receive $5,200 cash for services provided and recorded before. B Provide services and receive $5,000 cash. C Adjust for the consumption of supplies after the annual stocktake. D Purchase Vehicle for $6,000 on credit. E Pay $2,300 annual insurance premium.
hich one of the following transactions can immediately improve the Debt to Total Assets Ratio? A Receive $5,200 cash for services provided and recorded before. B Provide services and receive $5,000 cash. C Adjust for the consumption of supplies after the annual stocktake. D Purchase Vehicle for $6,000 on credit. E Pay $2,300 annual insurance premium.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
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Which one of the following transactions can immediately improve the Debt to Total Assets Ratio?
A Receive $5,200 cash for services provided and recorded before.
B Provide services and receive $5,000 cash.
C Adjust for the consumption of supplies after the annual stocktake.
D Purchase Vehicle for $6,000 on credit.
E Pay $2,300 annual insurance premium.
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