Question
If the current ratio remains the same at 2.0 and the quick ratio decreased from 1.5 to 1.0, what would have likely occurred? Group of
If the current ratio remains the same at 2.0 and the quick ratio decreased from 1.5 to 1.0, what would have likely occurred?
Group of answer choices
Inventory increased relative to other current accounts
Inventory decreased relative to other current accounts
Receivables decreased relative to other accounts
The company replaced long term debt with common stock
None of the above
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
