Which of the following transactions would immediately increase a company's return on assets ratio?
A)Received cash from customers for goods sold to them on account last month.
B)Borrowed cash from a local bank.
C)Incurred expenses on account.
D)Paid cash on accounts payable.

Question

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The Answer of Which of the following transactions would immediately increase a company's return on assets ratio?
A)Received cash from customers for goods sold to them on account last month.
B)Borrowed cash from a local bank.
C)Incurred expenses on account.
D)Paid cash on accounts payable.

Which of the Following Transactions Would Immediately Increase a Company's