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29 and 30 with steps please! Assume a company's liquidity ratios all are less than 1.0 before it purchases inventory on credit. When it makes
29 and 30 with steps please!
Assume a company's liquidity ratios all are less than 1.0 before it purchases inventory on credit. When it makes the purchase: Its current ratio decreases. Its quick ratio decreases. Its current ratio remains unchanged. Its quick ratio remains unchanged The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. The current ratio is (rounded) 1.98 1.58 1.17 0.66. Quick assets total $60. $230. $280. $305
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