Question
P 7-9 Indicate whether the following independent transactions increase (_), decrease (_), or do not affect (NE) the current ratio, the amount of working capital,
P 7-9
Indicate whether the following independent transactions increase (_), decrease (_), or do not affect (NE) the current ratio, the amount of working capital, and cash from operations. Also indicate the amounts of any effects. The company presently has a current ratio of 2 to 1 along with current liabilities of $160,000.
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
