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The current ratio of a firm would be decreased by which of the following? a. Inventories are sold on a long-term credit basis. b. Equipment

The current ratio of a firm would be decreased by which of the following? a. Inventories are sold on a long-term credit basis.

b. Equipment is purchased, financed by a long-term debt issue.

c. Inventories are sold for cash.

d. Land held for investment is sold for cash.

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