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At the end of year 5 , Jones Corporation has a current ratio of 2:1 . Which of the following transactions will decrease the current

At the end of year 5 , Jones Corporation has a current ratio of 2:1 . Which of the following transactions will decrease the current ratio ?

a. Issuance of long-term bonds at a premium

b. Sale of merchandise on open account

c. Sale of plant assets for less than the book value

d. Declaration of cash dividends on common stock

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