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6. A firm has a current ratio of 1.2 and a quick ratio of 0O.5. This indicates that: a. the firm buys inventory on credit.

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6. A firm has a current ratio of 1.2 and a quick ratio of 0O.5. This indicates that: a. the firm buys inventory on credit. b. inventory represents more than 50 percent of the firm's current assets. c. cash is the largest component of current assets. d the firm has more current liabilities than it does current asse

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