A retailer can go bankrupt when
A: It loses market share
B: It’s assets are greater than its liabilities
C: It’s liabilities are greater than its assets
D: It’s competitors buy all their merchandise
A: It loses market share
B: It’s assets are greater than its liabilities
C: It’s liabilities are greater than its assets
D: It’s competitors buy all their merchandise
举一反三
- The greater the level of current assets available relative to liabilities, the greater the firm’s ______ .
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS
- Which of the following statements is true? A: A bank’s assets are its uses of funds B: A bank’s assets are its sources of funds C: A bank’s liabilities are its uses of funds D: Only (b) and (c) of the above are true
- A company's quick assets are $147,000 and its current liabilities are $143,000. This company's acid-test ratio is 1.03.
- A firm’s ______ reports the book value of all assets, liabilities, and owner’s equity at a given point in time.