Which of the following statements concerning this increase is/are correct?
1
The increase in the current ratio could indicate that the company is less likely to be
able to pay its debts on time.
2
The increase in the current ratio could have been caused by an increase in revenue
generated by increased credit sales prices, while supplier costs remained the same.
3
The increase in the current ratio could have been caused by an increase in costs
charged by suppliers, while the selling price of goods remained the same.
A 1
only
B 2
only
C
2 and 3 only
D
1 and 3 only
(2 marks)
(d)
Which of the following factors need to be taken into account when deciding if a parent-
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