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Dungy Training Company has a current ratio of 0.90 to 1, based on current assets of $6.03 million and current liabilities of $6.70 million. 1.
Dungy Training Company has a current ratio of 0.90 to 1, based on current assets of $6.03 million and current liabilities of $6.70 million. 1. How, if at all, will a $720,000 cash purchase of inventory affect the current ratio? 2. How, if at all, will a $720,000 purchase of inventory on account affect the current ratio
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 2
1119048540, 978-1119048541
