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A client has settled their outstanding credit account with your company; at the same time, you have just received cash for inventory that you sold

A client has settled their outstanding credit account with your company; at the same time, you have just received cash for inventory that you sold at cost. What is the net effect of these changes on the current ratio?
Multiple Choice
The current ratio will increase.
More information is needed to determine the impact.
The current ratio will decrease.
There is no impact; the current ratio remains the same.A client has settled their outstanding credit account with your company; at the same time, you have just received cash for inventory that you sold at cost. What is the net effect of these changes on the current ratio?
Multiple Choice
The current ratio will increase.
More information is needed to determine the impact.
The current ratio will decrease.
There is no impact; the current ratio remains the same.

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