Analyzing the Impact of Transactions on Liquidity
Ospry. Inc.. has a quick ratio of 0.50 and working capital in the amount of $1,240,000. For each of the following transactions, determine whether the quick ratio and working capital will increase, decrease, or remain the same.
a. Paid accounts payable in the amount of S50.000.
b. Recorded accrued salaries in the amount of $100,000.
c. Borrowed $250,000 from a local bank, to be repaid in 90 days.
d. Purchased $20,000 of new inventory on credit.
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