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Books Forever, Incorporated, uses short-term bank debt to buy inventory. Assuming an initial current ratio that is greater than 1, and an initial quick (or

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Books Forever, Incorporated, uses short-term bank debt to buy inventory. Assuming an initial current ratio that is greater than 1, and an initial quick (or acid test) ratio that is less than 1, what is the effect of these transactions on the current ratio and the quick ratio? Multiple Choice Both ratios will decrease ONeither ratio will decrease Only one ratio will decrease

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