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Which statement about inventories is correct? a . An increase in accounts payable would increase the current ratio. b . If a firm increases its

Which statement about inventories is correct?
a. An increase in accounts payable would increase the current ratio.
b. If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase.
c. An increase in accrued taxes would increase the current ratio.
d. A reduction in inventories held would increase the current ratio.

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