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Answer the following question: If average inventories increased from $60,000 to $70,000 during the year just ended, which of the following statements is true? The
Answer the following question:
If average inventories increased from $60,000 to $70,000 during the year just ended, which of the following statements is true?
The acid test ratio decreased
Inventories have no effect on the acid test ratio
The acid test ratio increased
The current ratio decreased
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