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Johnson Co. had a current ratio greater than 1:1 and a quick ratio less than 1:1. Which of the following transactions will result in NO

Johnson Co. had a current ratio greater than 1:1 and a quick ratio less than 1:1. Which of the following transactions will result in NO CHANGE in the current ratio and a DECREASE in the quick ratio? I. Collected accounts receivable. II. Made a sale on account. III. Purchased inventory on account. IV. Purchased supplies for cash.

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