Which one of the following actions will increase the current ratio, all else constant? Assume the current ratio is greater than 1.0.
a. Cash purchase of inventory
b. Cash payment of an account receivable
c. Cash payment of an account payable
d. Credit sale of inventory at cost
e. Cash sale of inventory at a loss
Answers: 1
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Which one of the following actions will increase the current ratio, all else constant? Assume the cu...
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