问题 单项选择题

Easy Rider Incorporated is a custom manufacturer of motorcycles. An analyst identifies the following issues in Easy Rider’s financial statements: Issue 1 Customer advances have been steadily increasing over the past 36 months. Issue 2 Accounts payable turnover has been decreasing and there has been a shift from operating liabilities to financing liabilities. Considered separately, do these issues indicate a deteriorating liquidity positionIssue 1 Issue 2()①A. No No ②B. Yes Yes ③C. No Yes

A.①

B.②

C.③

答案

参考答案:C

解析:

An increase in customer advances can be viewed as a prediction of future revenues rather than expected cash outflows. Thus, by itself, an increase in customer advances would not indicate a deteriorating liquidity position. The shift from operating liabilities to financing liabilities may indicate the beginning of a liquidity crisis. Suppliers eventually balk at slower payments (decrease in accounts payable turnover) and an increase in borrowing may be necessary to finance day-today operations.

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