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At the end of 2024, Barker Corporation's preliminary trial balance indicated a current ratio of 1.7. Management is contemplating paying some of its accounts payable
At the end of 2024, Barker Corporation's preliminary trial balance indicated a current ratio of 1.7. Management is contemplating paying some of its accounts payable balance before the end of the fiscal year. Determine whether the effect of this transaction would increase or decrease the current ratio. Would your answer be the same if the preliminary trial balance indicated a current ratio of 0.8
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