Question
A company delays invoice recording to push receivables
lower at quarter-end, improving the current and quick ratios temporarily. What’s the long-term impact?Solution
Such manipulation—window dressing—improves ratios only temporarily at reporting dates; underlying liquidity remains unchanged.
More Previous year papers Questions
Simplify (cos20°+sin 20°) /(cos20°-sin20°)
- If sin 2a = (3/2), then find the value of (sin a + cos a).
If cos2B = sin(1.5B + 41o), then find the measure of 'B'.
If cos 2A = 7, then find cos A
- If X = 15°, find the value of:
sin²(3X) + cos²(4X) - tan²(2X) Find the maximum value of 20 sin A + 9 cos A.
Simplify the following trigonometric expression:
14 tan 25° cot 25° − 6 cos 39° sec 39°- cosx/(1 – sinx) + cosx/(1+ sinx) = 4, 0 o < x < 90 o , then the value of (tanx + cosecx)
If tanθ = 3/4 and θ is acute, find sinθ and cosθ, and verify that sin²θ + cos²θ = 1.
