Question
Suppose that the Home Depot Inc. purchased (and received) the merchandize on credit from its supplier. The payment is due in less than 90 days.
Suppose that the Home Depot Inc. purchased (and received) the merchandize on credit from its supplier. The payment is due in less than 90 days. All else equal, what effect did this transaction have on Home Depot's current ratio? (Use the values from the financial statements for the most recent year.)
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
