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What effect would the following action have on a firm's current ratio? Assume current assets = $ 9 0 0 and current liabilities = $
What effect would the following action have on a firm's current ratio?
Assume current assets $ and current liabilities $
Action: $ shortterm bank loan is repaid with $ in cash
A not change
B decrease
D increase
What effect would the following actions have on a firm's current ratio?
Assume current assets $ and current liabilities $
Action: inventory is purchased with shortterm credit
a not change
b decrease
c increase
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