Quiz 1 1. Which of the following would be considered an advantage of the sole proprietorship form of organization? a. Wide access to capital markets b. Unlimited liability c. A pool of expertise d. Profits taxed at only on level Answer: D 2. Which of
Current ratio will be unaffected. Inventories are replaced with either cash or accounts receivable, but total current assets are unchanged.
Current ratio will be unaffected. Accounts due are replaced with the bank loan,