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If the firm chooses not to purchase new assets, pay down any debt, or increase dividends, an increase in net income due to lower costs

If the firm chooses not to purchase new assets, pay down any debt, or increase dividends, an increase in net income due to lower costs of production will

Multiple Choice

decrease the cash position of the firm, raising the current ratio.

increase the cash position of the firm, raising the cash ratio.

increase the cash position of the firm, lowering the cash ratio.

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