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The financial manager of Mystery, Inc. tells her banker that Mystery's accounts receivable declined by $ 2 7 5 , 0 0 0 that day.
The financial manager of Mystery, Inc. tells her banker that Mystery's accounts receivable
declined by $ that day. Based on this, the bank knows that Mystery's current ratio:
Select one:
a Must have increased from the day before.
b Must have decreased from the day before.
c Did not change from the day before.
d Declined since Mystery used cash from the day before.
e Would possibly be affected, but more information is needed to know in which
direction.
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