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The Bozeman Company had current assets of $500 and current liabilities of $400 prior to the following transactions: 1. Collection of an account receivable, $100
The Bozeman Company had current assets of $500 and current liabilities of $400 prior to the following transactions: 1. Collection of an account receivable, $100 2. Payment of an account payable, $80 The combined effect of these two transactions will cause what effect on Working Capital and the Working Capital Ratio respectively? Select one: a. No Effect, Decrease O b. No Effect, Increase O c. No Effect, No Effect . d. Decrease, Decrease O e. Decrease, Increase Clear my choice
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