What type of retail clothing store with the highest ratio of net sales to assets is most likely?
A. Men’s clothing
B. Home Appliances
A company with working capital of $500,000 receives cash for the entire balance on a $120,000 short-term note receivable (current asset). The working capital immediately after the receipt is
If the acid-test ratio is 1.25, the receipt of cash from the sale of marketable securities at their book value will cause the ratio to
B) not affected