Answer
(a) Good News;
(b) Good News;
(c) Bad News;
(d) Bad News.
Work Step by Step
Increase in earnings per share (a); increase in the current ratio (b); increase in the debt to total assets ratio (c); decrease in free cash flow (d).
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 3 - The Accounting Information System - Questions - Page 137: 10
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