Mathematics · Financial Ratios
The following methods have been suggested to improve a company's financial position: 1. Selling off old inventory at a discount for cash 2. Obtaining a long-term loan from the bank 3. Taking 10 days longer each month to pay the main supplier Which of the suggested actions would improve the company's quick (acid-test) ratio?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only✓
- 31 and 3 only
- 41 and 2 only
Correct answer
2 and 3 only
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