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The quick ratio of an enterprise is 0.9. State with reasons the effect (would improve, reduce or not alter) of the following transactions on the
- The quick ratio of an enterprise is 0.9. State with reasons the effect (would improve, reduce or not alter) of the following transactions on the quick ratio.
- Payment of accounts payable
- Purchase of inventory on credit
- Sale of equipment at a loss for cash
- Sale of inventory at cost for cash
- Payment of interim dividend (10 marks)
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
