13. A companys current ratio is 2.0. If the company uses cash to retire notes payable due...
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13. A company’s current ratio is 2.0. If the company uses cash to retire notes payable due within 1 year, would this transaction increase or decrease the current ratio and asset turnover ratio?
Current Ratio Asset Turnover Ratio
a. Increase Increase
b. Increase Decrease
c. Decrease Increase
d. Decrease Decrease
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