Question
1. Dustin purchased a new grain harvester using money from his operating loan. How would this affect his liquidity? What might it do to working
1. Dustin purchased a new grain harvester using money from his operating loan. How would this affect his liquidity? What might it do to working capital and his current ratio?
2. True or False If the Debt/Equity ratio increases, the Debt/Asset ratio will also increase. Why or Why not?
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
