Brief Exercise 12-9 Understand the current ratio (LO12-3) Dungy Training Company has a current ratio of 0.90 to 1, based on current assets of $6.93 million and current liabilities of $770 million. 5 ints 1. How, if at all, will a $820,000 cash purchase of inventory affect the current ratio? eBook The current ratio will 2. How, if at all, will a $820,000 purchase of inventory on account affect the current ratio? The current ratio will