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Stanley Company has current assets of $800,000 and current liabilities of $500,000. Stanley Companys current ratio would be increased by: A. Collect cash of $100,000
Stanley Company has current assets of $800,000 and current liabilities of $500,000. Stanley Companys current ratio would be increased by:
A. Collect cash of $100,000 from a customer on accounts receivable.
B. Pay cash of $100,000 for a six-month note at maturity.
C. Purchase of $100,000 of inventory on account.
D. Purchase office supplies with cash of $100,000.
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