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6. Marx Mara Company, a London-based retailer, has a current ratio of 2:1. Which of the following transactions will cause the ratio to decrease? a.
6. Marx Mara Company, a London-based retailer, has a current ratio of 2:1. Which of the following transactions will cause the ratio to decrease?
a. When it declares a 10% stock dividend on its common stock
b. When it receives cash from a customer on account
c. When it pays a creditor on account
d. When it purchases merchandise on account
e. None of the above.
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