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9 1 points Save Answer A firm had Liabilities to Assets Ratio less than 1.0. The firm issued short-term debt and used the cash proceeds
9 1 points Save Answer A firm had Liabilities to Assets Ratio less than 1.0. The firm issued short-term debt and used the cash proceeds to repay long-term debt What is the effect on Liabilities to Assets Ratio A. Increases a. none of above is correct c. Decreases D. has no effect
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
