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Walter Medical Industries current ratio is 0.8. Considered alone, which of the following actions would decrease the companys current ratio? Borrow using long-term notes payable
Walter Medical Industries current ratio is 0.8. Considered alone, which of the following actions would decrease the companys current ratio?
Borrow using long-term notes payable and use the cash to increase inventories.
Use cash to reduce accounts payable.
Use cash to purchase inventory.
Collection of accounts receivable.
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