Information concerning O'Sadnick, Inc., on December 31, 2010, is as follows:
|
Book value per share
|
$24.00
|
|
Dividends per share
|
1.00
|
|
Earnings per share
|
4.00
|
|
Par value per share
|
2.00
|
|
Market price per share
|
16.00
|
If current assets exceed current liabilities, payments of accounts payable will
a. decrease the current ratio.
b. increase the current ratio.
c. decrease working capital.
d. increase working capital.