标题: QSPE question - Consolidaton and Current ratio [打印本页] 作者: badonkus 时间: 2011-7-11 19:51 标题: QSPE question - Consolidaton and Current ratio
Due to a change in accounting standards, TRK Construction’s QSPE must now be consolidated. Assume the current ratio before consolidation is 1.10. Consolidation will most likely result in which of the following:
A) an increase in the current ratio.
B) a decrease in the current ratio.
C) no change in the current ratio.
Your answer: A was incorrect. The correct answer was B) a decrease in the current ratio.
Can someone please explain. I don't get it!!!作者: yospaghetti 时间: 2011-7-11 19:51
Great! Thank you so much. I think I need a break and clear my head!
