28. A company’s current ratio is 2.0. If the company uses cash to retire notes payable due within one year,would this transaction increase or decrease the current ratio? What about the asset turnover ratio?30. A firm has a tax burden ratio of .75, a leverage ratio of 1.25, an interest burden of .6, and a return on sales of 10%. The firm generates $2.40 in sales per dollar of assets. What is the firm’s ROE?27. If you want to identify other firms which have similar assets and operations as your firm, you shouldrefer to which one of the following?a. GAAP provisionsb. NAICS codesc. time trend reportsd. zip codes
28 Current Ratio2.00In this case there are two cases if company is uses cash received from debtors thenthere will not be any change in current ratio because one side accounts receivableis…
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