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Question 22 5 pts Which of the following statements is not true? O A lower accounts receivable turnover ratio means a longer average collection period.
Question 22 5 pts Which of the following statements is not true? O A lower accounts receivable turnover ratio means a longer average collection period. Taking out a 5-year loan and using the proceeds to buy a new truck has no immediate effect on the current ratio, O Purchasing short-term marketable securities with cash will not affect the acid-test ratio. O Selling old, Idle machinery for cash increases the acid-test ratio. The current ratio is usually lower than the acid test ratio
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