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Consolidated Freighting paid $40,000 in cash to suppliers to reduce their accounts payable. Assume that the current ratio was equal to 1 prior to the
Consolidated Freighting paid $40,000 in cash to suppliers to reduce their accounts payable. Assume that the current ratio was equal to 1 prior to the transaction. The transaction caused the current ratio to:
Question 5 options:
| increase |
| no impact |
| decrease |
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