When a company that has $3 million in current assets and $5 million in current liabilities pays

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When a company that has $3 million in current assets and $5 million in current liabilities pays $1 million of its accounts payable, its current ratio will

a. Increase.

b. Decrease.

c. Remain unchanged.

d. Not enough information is given to answer

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Related Book For answer-question

Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jun 20, 2019 07:04 AM

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When a company that has $3 million in current assets and $5 million in current liabilities pays

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Auditing An International Approach

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