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Which of the following would lower the firms current ratio: Borrow using short-term notes payable and use the proceeds to reduce accruals Increase accruals and
Which of the following would lower the firms current ratio:
Borrow using short-term notes payable and use the proceeds to reduce accruals
Increase accruals and use the extra money to reduce long-term debt
Use cash to reduce accruals
Use cash to reduce short-term notes payable
Use cash to reduce accounts payable
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