Q29: The current ratio is Select one: a. calculated by subtracting current liabilities from current...
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Accounting
Q29:
The current ratio is
Select one:
a.
calculated by subtracting current liabilities from current assets.
b.
calculated by dividing current liabilities by current assets.
c.
used to evaluate a company's solvency and long-term debt paying ability.
d.
used to evaluate a company's liquidity and short-term debt paying ability.
Q30:
if Ali Co. has common share ( $ 0.25 par value) $100,000. the market value per share is $ 2. the company generates net income as $ 40,000 and dividends announced is $ 10,000. the dividends pay-out ratio is
a.
50%
b.
8 times
c.
4 times
d.
25%
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