Question: 4 - 3 Over the past year, M . D . Ryngaert & Co . had an increase in its current ratio and a decline

4 - 3

Over the past year, M

.

.

Ryngaert & Co

.

had an increase in its current ratio and a decline in its total assets turnover ratio. However, the company

s sales, cash and equivalents, DSO, and fixed assets turnover ratio remained constant. What balance sheet accounts must have changed to produce the indicated changes?

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