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The current ratio is presently .75 and working capital is presently negative $50,000 at the end of the year for Paris Company. Paying down
The current ratio is presently .75 and working capital is presently negative $50,000 at the end of the year for Paris Company. Paying down accounts payable with cash on the last day of the year would cause which of the following to occur? A. Decrease current ratio B. Decrease working capital C. Increase current ratio D. E. Increase working capital Both of A and B.
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
