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QUESTION 3 If a company has an acid-test ratio of 1.2:1, what respective effects will the borrowing of cash by short term debt and collection

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QUESTION 3 If a company has an acid-test ratio of 1.2:1, what respective effects will the borrowing of cash by short term debt and collection of accounts receivable have on the ratio? Collection of Receivable No effect ncrease wing Collection of Receivable Short-term Borro Increase Increase Decrease No Effect Decrease Decrease

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