Brief Exercise 12-9 (Algo) Understand the current ratio (LO12-3) Volley Training Company has a current ratio of 0.80 to 1, based on current assets of $6.00 million and current liabilities of $7.50 million. 1. How, if at all, will a $800,000 cash purchase of inventory affect the current ratio? 2. How, if at all, will a $800,000 purchase of inventory on account affect the current ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 How, if at all, will a $800,000 cash purchase of inventory affect the current ratio? The current ratio will

Srief Exercise 12-9 (Algo) Understand the current ratio (LO12-3) olley Training Company has a current ratio of 0.80 to 1, based on current assets of $6.00 million and current liabilities of $7.50 million. How, if at all, will a $800,000 cash purchase of inventory affect the current ratio? How, if at all, will a $800,000 purchase of inventory on account affect the current ratio? Complete this question by entering your answers in the tabs below. How, If at all, will a $800,000 cash purchase of inventory affect the current ratio