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Question 9 (2 points) Which of the following would be most detrimental to a firm's current ratio if that ratio is currently 2.0? a) Buy

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Question 9 (2 points) Which of the following would be most detrimental to a firm's current ratio if that ratio is currently 2.0? a) Buy raw materials on credit b) Pay off accounts payable with cash c) Sell marketable securities at cost d) Pay off a portion of long-term debt with cash Question 10 (2 points) Saved What are the annual sales for a firm with $400,000 in debt, a total debt ratio of 4

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