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Ruby Company sold inventory on credit. Its gross profit percentage is 23 per cent. The effect of this transaction is that the: debt-to-equity ratio increased
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Ruby Company sold inventory on credit. Its gross profit percentage is 23 per cent. The effect of this transaction is that the:
debt-to-equity ratio increased
current ratio was unchanged
working capital increased
earnings per share decreased
Ruby Company sold inventory on credit. Its gross profit percentage is 23 per cent. The effect of this transaction is that the:
debt-to-equity ratio increased | ||
current ratio was unchanged | ||
working capital increased | ||
earnings per share decreased |
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