Use the information that follows concerning the current assets and current liabilities of Ryan Company at December 31, 2010, to answer problems 3 through 8. Each problem is independent of the others.

-How would the current ratio be affected if Ryan collects the accounts receivable and then uses some of the cash to pay off the accounts payable?

Question

Use the information that follows concerning the current assets and current liabilities of Ryan Company at December 31, 2010, to answer problems 3 through 8. Each problem is independent of the others.
 
-How would the current ratio be affected if Ryan collects the accounts receivable and then uses some of the cash to pay off the accounts payable?

Quizplus · Accepted Answer

The Answer of Use the information that follows concerning the current assets and current liabilities of Ryan Company at December 31, 2010, to answer problems 3 through 8. Each problem is independent of the others.
 
-How would the current ratio be affected if Ryan collects the accounts receivable and then uses some of the cash to pay off the accounts payable?

Use the Information That Follows Concerning the Current Assets and Current