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Yesterday, Bicksler Corporation purchased (and received) raw materials on credit from its supplier. All else equal, if Bickslers current ratio was 2.0 before the purchase,
Yesterday, Bicksler Corporation purchased (and received) raw materials on credit from its supplier. All else equal, if Bickslers current ratio was 2.0 before the purchase, what effect did this transaction have on Bickslers current ratio?
a. increased
b. decreased
c. stayed the same
d. There is not enough information to answer this question.
e. None of the above is a correct answer.
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