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If Alpha purchased $1,500 of equipment on account in year 3, how would that transaction impact its current ratio, debt to assets ratio and return
If Alpha purchased $1,500 of equipment on account in year 3, how would that transaction impact its current ratio, debt to assets ratio and return on assets ratio?
Balance Sheet Liabilities AccountspayableUnredeemedgiftcardsLongtermliabilities8911,0206257456994907309323452,7264222,7982,2593282,0881,6973501,747 Stockholders' Equity Commom stock Retained earnings Total Liabilities and Equity \begin{tabular}{rrrrrr} 815 & 815 & 815 & 1,290 & 1,290 & 1,290 \\ 9,306 & & 5,470 \\ \cline { 1 - 2 } & 8,219 \\ \hline \end{tabular}
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