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Norton Inc. has a 2 - to - 1 current ratio. This ratio would increase to more than 2 to 1 if?

a. A previously declared stock dividend were distributed b. The company wrote off an uncollectible receivable. c.The company sold merchandise on open account that earned a normal gross margin. d. The company purchased inventory on open account.

Accounting
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Question ajoutée par SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date de publication: 2014/04/01
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Imran Adwani
par Imran Adwani , Head of Internal Audit , Abdulla Bin Zayed Investment Group

Option 'c'.

Naeem Abbas

A previously declared stock dividend were distributed.

Valiza Afonso
par Valiza Afonso , Group Finance Director , Global Hotel Alliance

The answer is option C.

Shafiulla Mohammad
par Shafiulla Mohammad , Customer Service Adviser , University of Bedfordshire

The company will generate cash increasing the current assets, further increasing the current ratio. The options A, B and D will decrease the current assets. Hence, the answer is option C. 

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