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Dungy Training Company has a current ratio of 0.80 to 1, based on current assets of $6.32 million and current liabilities of $7.90 million 1.
Dungy Training Company has a current ratio of 0.80 to 1, based on current assets of $6.32 million and current liabilities of $7.90 million 1. How, if at all, will a $840,000 cash purchase of inventory affect the current ratio? The current ratio will 2. How, if at all, will a $840,000 purchase of inventory on account affect the current ratio? The current ratio will
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