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Shortly after the financial statements are released, sales improved; so, too, does the current ratio. As a result, the top management decides not to sell

Shortly after the financial statements are released, sales improved; so, too, does the current ratio. As a result, the top management decides not to sell the investments it had reclassified as short term. Accordingly, the company reclassifies the investment as long term. Has the management acted wisely?

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