Question
Assume a company's liquidity ratios all are greater than 1.0 before it purchases inventory on credit. When it makes the purchase: Multiple Choice Its current
Assume a company's liquidity ratios all are greater than 1.0 before it purchases inventory on credit. When it makes the purchase:
Multiple Choice
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Its current ratio decreases.
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Its current ratio remains unchanged.
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Its quick ratio remains unchanged.
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Its debt-to-equity ratio decreases.
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Financial Accounting The Basics
Authors: Ilias Basioudis
1st Edition
1138605514, 9781138605510
