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Question 19 Cougar Corp had a current ratio of 2.0 in 2019. Which of the...

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Question 19 Cougar Corp had a current ratio of 2.0 in 2019. Which of the following statements best describes what this means? Cougar Corp. has $2 in debt for every $1 in accounts receivable. Cougar Corp. has $2 in current assets for every $1 in current liabilities. O Cougar Corp, has $2 in current liabilities for every $1 in current assets. Cougar Corp. has $2 in current assets for every $1 in revenues. Question 20 6.4 points Cougar Corp. has an accounts receivable turnover of 5.0 in 2018. Which of the following statements best describes what this means? Cougar Corp. sold its accounts receivable to a collection agency every 5 months. Cougar Corp. had $5 of inventory for every $1 of average accounts receivable. Cougar Corp. had $5 of credit sales for every $1 of average accounts receivable. Cougar Corp. had $5 of revenues for every $1 of average accounts payable. Question 21 Working capital O measures a company's ability to pay off its long-term debts. O is the difference between current assets and current liabilities. O is typically negative. O is unrelated to the current ratio

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