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Lakeland Co. had a current ratio of 2.5 last year and 2.3 this year. They had a quick ratio of 1.4 last year and 1.6

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Lakeland Co. had a current ratio of 2.5 last year and 2.3 this year. They had a quick ratio of 1.4 last year and 1.6 this year. Which of the following can we know? Accounts Receivable increased Inventory declined Cash increased Cash declined Inventory increased In general, a high price-earnings (PE) ratio implies that the firm has a high price per share O the market has high expectations about future earnings for the firm O the firm pays a cash dividend the firm has low earnings per share the market has low expectations about future earnings for the firm

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