Current ratio of a company is 3:1 state giving reasons ,which of the following would improve reduce
Channel: Doubtnut
Date: 2020-03-29

Current ratio of a company is 3:1 state giving reasons ,which of the following would improve reduce or not change the ratio: (i) Declaration of a final divident, (ii) Issue of bonus hsares out of profits, (iii) Bills receivable endorsed in favour of a creditor, (iv) Endorsed bill dishonoured, (v) Bills receivable dishonoured at maturiry, (vi) Bills payable acccepted for 3 months, (vii) Bills payable paid at maturirty, (viii) Redemption of preference shares out of proceeds from fresh issue of shares of equal amount, and (ix) Debentures converted into Equity shares