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Over the past year, Free Inc. had an increase in its current ratio and a decline in its total asset turnover ratio. However, its sales,
Over the past year, Free Inc. had an increase in its current ratio and a decline in its total asset turnover ratio. However, its sales, cash, DSO and fixed asset turnover ratio remains constant. What the following statement is correct? Group of answer choices Total asset decreases, current asset increases, inventory increases Total asset decreases, current asset decreases, and inventory increases Total asset increases, current asset increases, and inventory increases Total asset increases, current asset decreases, and inventory decreases
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