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NEW QUESTION 50
As of Dec. 31, 2013, a company had current assets of $600,000 and current liabilities of
$300,000. Sales of the company are expected to increase by 10 percent for each of the next two years. If all current asset and current liability accounts increase proportionately with sales, what would be the projected current ratio of the company on Dec. 31, 2015?
Answer: D
NEW QUESTION 51
A student is deciding whether to attend a two-year graduate school program. The tuition is $12,500 per year and the cost of books and supplies is an additional $1,000 per year. The studentcould work instead of going to graduate school and earn $50,000 per year. What is the economic cost of attending graduate school for the student?
Answer: C
NEW QUESTION 52
In calculating cash flows, which of the following scenarios would lead to a decrease in net working capital?
Answer: C
NEW QUESTION 53
Which of the following transactions is presented in the above journal entry?
Answer: A
NEW QUESTION 54
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