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18. PART A Current ratio = .7 and working capital = ($30,000) Payment of short-term debt on the last day of the year would... a.
18. PART A
Current ratio = .7 and working capital = ($30,000)
Payment of short-term debt on the last day of the year would...
a. decrease current ratio
b. decrease working capital
c.increase current ratio
d.increase working capital
e. both A and B
PART B
Current ratio = 3.0 and working capital = $160,000
Purchasing land for cash on the last day of the year would...
a. decrease current ratio
b. decrease working capital
c.increase current ratio
d.increase working capital
e. both A and B
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