Question
If a company uses cash to pay off some of its accounts payables, both the current ratio and quick ratio will remain unchanged, given that
If a company uses cash to pay off some of its accounts payables, both the current ratio and quick ratio will remain unchanged, given that the ratios exceeded 1 before the payoff. Discuss?
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Youre right under certain conditions a companys current ratio and quick ratio may remain unchanged even after using cash to pay off some accounts paya...
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
