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NEW QUESTION: 1

A. Option A
B. Option C
C. Option D
D. Option B
Answer: D

NEW QUESTION: 2
At December 30, 20X3, Vida Co. had cash of $200,000, a current ratio of 1.5:1 and a quick ratio of .5:1.
On December 31, 20X3, all cash was used to reduce accounts payable. How did these cash payments
affect the ratios?

A. Option C
B. Option D
C. Option A
D. Option B
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "a" is correct. The current ratio equals current assets divided by current liabilities. Since the current
assets exceed the current liabilities (as evidenced by a current ratio of 1.5:1), when each is decreased by
the same amount, there will be a greater percentage reduction of the current liabilities. Thus, the ratio will
increase since the current assets are now proportionately larger than the current liabilities. The quick ratio
equals quick assets (including cash) divided by current liabilities. Since the quick assets are less than the
current liabilities (as evidenced by a quick ratio of .5:1), when each is decreased by the same amount, the
percentage decrease of the quick assets will be greater than that of the current liabilities. Thus, the ratio
will decrease since the quick assets are now proportionately smaller than the current liabilities.
Choices "B", "C", and "D" are incorrect, per the above Explanation.

NEW QUESTION: 3
Which of the following types of nodes will have data flowing both in and out, when used in a stream?
A. Export
B. Graphs
C. Sources
D. Record Ops
Answer: D