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Assume that current assets and current liabilities change at the same rate as changes in sales. Therefore, if sales increase by 10%, then current liabilities

Assume that current assets and current liabilities change at the same rate as changes in sales. Therefore, if sales increase by 10%, then current liabilities will decrease by 10% current liabilities will increase by 10% current assets will increase by 10% current assets will remain the same Need help? Review these concept resources. Read About the Concept

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