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State the effect of the following transactions on the current ratio. Use increase, decrease, or no effect for your ANSWER. 1. Collection of accounts receivable.
State the effect of the following transactions on the current ratio. Use increase, decrease, or no effect for your ANSWER. 1. Collection of accounts receivable. 2. Additional shares are sold for cash. 3. Short-term investments are purchased for cash. 4. Equipment is purchased for cash. 5. Inventory purchases are made for cash. 6. Accounts payable are paid
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