The quick ratio of a company is 2 : 1. State giving reasons, (for any four) which of the following would improve, reduce or not change the ratio
A. Purchase of goods on credit (iii) Sale of furniture at cost
B. Sale of goods at a profit
C. Purchase of machinery for cash
D. None of the options
Answer:C
The quick ratio of a company is 2 : 1. State giving reasons, (for any four) which of the following would improve, reduce or not change the ratio
A. Purchase of goods on credit (iii) Sale of furniture at cost B. Sale of goods at a profit C. Purchase of machinery for cash D. None of the options