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Setler [38]
3 years ago
8

Today's Fashions has a debt that has been properly reported as long-term debt before this year. Part of this debt is due this ye

ar. If Today's Fashions continues to report the current position of the debt as a long-term liability, then ______
Business
1 answer:
siniylev [52]3 years ago
5 0

Answer:

Current ratio will be overstated

Explanation:

Current ratio measures the short term solvency of a firm. In other words, it measures the ability of the firm to meet its current obligations. It is the ratio of current assets to current liabilities.

A part of long term liability that is to be paid this year is considered current liabilities. If today's fashion continues to report debt due in the current year as long term liability, then current liabilities reported would be lesser than the actual position. As such, current ratio calculated would be higher than what it is actually. So, current ratio will be overstated in this case.

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bic, which is widely known for producing ballpoint pens and related writing products, tried to introduce bic disposable underwea
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<h3>What is a brand?</h3>

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5 0
1 year ago
The irr can lead to incorrect project rankings because projects with much higher npvs may also have:______.
Sav [38]

The IRR can lead to incorrect project rankings because projects with much higher NPVS may also have <u> </u><u>longer project lives.</u>

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8 0
1 year ago
A trial period of work is referred to as _____.
Ymorist [56]
As a Probationary Period.
6 0
3 years ago
Define asset-backed security in your own words.​
Bezzdna [24]

Answer:

Asset-backed securities, also called ABS, are pools of loans that are packaged and sold to investors as securities

Explanation:

there you go

7 0
3 years ago
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