When a company that has $5 million in current assets and $3 million in current liabilities pays
Question:
When a company that has $5 million in current assets and $3 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
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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