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Other things held constant, which of the following will not affect the quick ratio? (Assume that current assets equal current liabilities.) and why? Fixed assets
Other things held constant, which of the following will not affect the quick ratio? (Assume that current assets equal current liabilities.) and why?
Fixed assets are sold for cash
Cash is used to purchase inventories
cash is used to pay off accounts payable
Accounts receivable are collected
Long-Term debt is issued to payoff a short-term bank loan.
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