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Van Buren Company has a current ratio = 1.9. Which of the following actions will increase the companys current ratio? Use cash to reduce short-term
Van Buren Company has a current ratio = 1.9. Which of the following actions will increase the companys current ratio?
Use cash to reduce short-term notes payable.
Use cash to reduce accounts payable.
Issue long-term bonds to repay short-term notes payable.
All of the statements above are correct.
Statements b and c are correct.
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