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Which of the following would affect the current Ratio (defined as current assets/Current Liabilities)? (Check all that apply) 1. Buy a machine with cash 2.

Which of the following would affect the current Ratio (defined as current assets/Current Liabilities)? (Check all that apply) 1. Buy a machine with cash 2. Issues shares to pay down Long-term debt 3. Collect on a receivable 4. Buy inventory with cash

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