Business, 29.11.2020 17:40 greenhusky
Assuming a current ratio of 1.0 and an acid-test ratio of 0.75, how will the purchase of inventory with cash affect each ratio?
a. Increase the current ratio and increase the acid-test ratio.
b. No change to the current ratio and decrease the acid-test ratio.
c. Decrease the current ratio and decrease the acid-test ratio.
d. Increase the current ratio and decrease the acid-test ratio.
Answers: 2
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Assuming a current ratio of 1.0 and an acid-test ratio of 0.75, how will the purchase of inventory w...
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