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BSO, Inc. has current assets of $1,100,000 and current liabilities of $550,000, resulting in a current ratio of 2.0. Calculate the current ratio and determine

BSO, Inc. has current assets of $1,100,000 and current liabilities of $550,000, resulting in a current ratio of 2.0.

Calculate the current ratio and determine whether it will increase, decrease, or remain the same.

a. Purchased $45,000 of supplies on credit.

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