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PLEASE EXPLAIN HOW YOU GET IT Company M has a current ratio of 0.5 and Company P has a current ratio of 2.0. If both
PLEASE EXPLAIN HOW YOU GET IT
Company M has a current ratio of 0.5 and Company P has a current ratio of 2.0. If both firms increase current assets and current liabilities by the same dollar amount, we should see that: A. the current ratios of both firms will increase. B. the current ratios of both firms will decrease. C. only Company M's current ratio will increase. D. only Company P's aurrent ratio will increase. E. the transactions will not affect the current ratiosStep by Step Solution
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