Use the table for the question(s) below.
Statement of Financial Position
-If the above statement of financial position is for a retail company,what indications about this company would best be drawn from the changes in quick ratio between 2014 and 2015?
A) The company has eliminated the risk that it will experience a cash shortfall in the near future.
B) The company has reduced the risk that it will experience a cash shortfall in the near future.
C) The risk that the company will experience a cash shortfall in the near future is unchanged.
D) The company has increased the risk that it will experience a cash shortfall in the near future.
E) The company has greatly reduced the risk that it will experience a cash shortfall in the near future.
Correct Answer:
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