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Jonathan Swift Movers had the following current ratios 2.2:1; 2.5:1; 2.8:1 for 2017, 2018, 2019 respectively. Which of the folle the change in liquidity?
Jonathan Swift Movers had the following current ratios 2.2:1; 2.5:1; 2.8:1 for 2017, 2018, 2019 respectively. Which of the folle the change in liquidity? OA. Liquidity is improving due to accounts receivable being collected more quickly. OB. Liquidity is improving from selling office supplies. OC. Liquidity is improving due to cash received in exchange of a long-term note payable. OD. Liquidity is deteriorating due to purchasing equipment.
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
