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Which of the following transactions would decrease the acid-test ratio? a. Sold inventory costing $30,000 for $20,000 cash. b. Sold marketable securities costing $60,000 for

Which of the following transactions would decrease the acid-test ratio? a. Sold inventory costing $30,000 for $20,000 cash. b. Sold marketable securities costing $60,000 for $55,000 cash. c. Both of the above. d. None of the above

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