31. (TCO 6) What is important to a firm’s long-term debt paying ability? (Points : 5)

Question

31. (TCO 6) What is important to a firm’s long-term debt paying ability? (Points : 5)

       Expenses

       Capital assets

       Long-term debt

       Profitability

Question 32.

32. (TCOs 5 and 6) Which of the following is typically considered the most indicative of a firm’s short-term debt paying ability? (Points : 5)

       Working capital

       Current ratio

       Acid test

       Cash ratio

       Days’ sales in receivables

Question 33.

33. (TCO 5) The bond payable account is considered a firm’s (Points : 5)

       asset.

       expense.

       liability.

       cash.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"