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Suppose a company's quick ratio is 1.5. If the company were to purchase inventory using accounts payable, which of the following would be TRUE? A.
Suppose a company's quick ratio is 1.5. If the company were to purchase inventory using accounts payable, which of the following would be TRUE? A. The numerator and denominator would increase proportionally, leaving the quick ratio unchanged. B. The numerator would not change, but the denominator would increase, resulting in a lower quick ratio. C. The numerator would decrease, but the denominator would increase, resulting in a lower quick ratio. D. The numerator would increase more than the denominator, resulting in a higher quick ratio
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