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The acid-test ratio of a firm would be unaffected by which of the following? Additional inventory is purchased for cash. Large accounts receivable balances are
The acid-test ratio of a firm would be unaffected by which of the following?
Additional inventory is purchased for cash. | ||
Large accounts receivable balances are collected. | ||
Equipment is purchased, financed by a long-term debt issue. | ||
Several short-term loans are consolidated and paid off using long-term debt |
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