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QUESTION 4 A firm's liquidity level decreases when: O A. inventory is purchased with cash. O B. inventory is sold on credit O C. inventory

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QUESTION 4 A firm's liquidity level decreases when: O A. inventory is purchased with cash. O B. inventory is sold on credit O C. inventory is sold for cash. O D. an account receivable is collected. O E. proceeds from a long-term loan are received

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