1. In the UCA model, what must net cash after operations be in order to repay debt?
Based on controlled working capital
Greater than capital expenditures
Positive
Negative
2. If a company’s current ratio increases from 1.10 to 1.30 from one year to the next, it can be definitely concluded that ________.
current liabilities have decreased
current assets have increased
the company’s liquidity has increased
none of these choices are correct