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Assume the current ratio is 3 to 4. Purchases of inventory on account would cause the current ratio to a.increase. b.decrease. c.be unchanged since it
Assume the current ratio is 3 to 4. Purchases of inventory on account would cause the current ratio to
a.increase.
b.decrease.
c.be unchanged since it has no effect on any current accounts.
d.be unchanged since the effects offset each other.
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