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A firms liquidity level decreases when: Multiple Choice 1. inventory is purchased with cash. 2. inventory is sold on credit. 3. inventory is sold for

A firms liquidity level decreases when: Multiple Choice

1. inventory is purchased with cash.

2. inventory is sold on credit.

3. inventory is sold for cash.

4. an account receivable is collected.

5. proceeds from a long-term loan are received.

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