Question 3 (15 points) Suppose a firm uses cash to cover a $50,000 accounts payable. What...

  

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Question 3 (15 points) Suppose a firm uses cash to cover a $50,000 accounts payable. What impact does this transaction have on the firm's current ratio if the initial current ratio is equal to... Match the initial current ratio number to the applicable impact. the current ratio increases the current ratio does not change the current ratio decreases 1. 1 2. 0.5 3. 1.7 Question 3 (15 points) Suppose a firm uses cash to cover a $50,000 accounts payable. What impact does this transaction have on the firm's current ratio if the initial current ratio is equal to... Match the initial current ratio number to the applicable impact. the current ratio increases the current ratio does not change the current ratio decreases 1. 1 2. 0.5 3. 1.7

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