Tektron Industries has current assets that exceed its current liabilities. The CFO recommends paying off...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Tektron Industries has current assets that exceed its current liabilities. The CFO recommends paying off one of the company's short-term liabilities because the result will be a(n)
A. Decrease in return on assets.
B. Increase in return on assets.
C. Decrease in the current ratio.
D. Increase in the current ratio.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
