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QUESTION 14 What is the effect of a purchase of inventory on account on the current ratio and on working capital, respectively? (Assume a
QUESTION 14 What is the effect of a purchase of inventory on account on the current ratio and on working capital, respectively? (Assume a current ratio greater than one prior to this transaction.) Current ratio Working capital A) decrease no effect B) no effect decrease 0 decrease decrease D) no effect no effect Option A Option B Option C O Option D
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
