Multiple Choice
Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.
Refer to the data for Pinecrest Company.
Which of the following statements is true?
A) The current ratio increased from 2013 to 2014.
B) The acid-test ratio decreased from 2013 to 2014.
C) The amount of working capital decreased from 2013 to 2014.
D) Assuming extreme conditions do not exist,the company appears to be in a worse position to pay its current debts at the end of 2014 compared to 2013.
Correct Answer:
Verified
Correct Answer:
Verified
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