Question: All other things the same, purchasing inventory would decrease the inventory turnover ratio. True or False The Seabury Corporation has a current ratio of 3.7


All other things the same, purchasing inventory would decrease the inventory turnover ratio. True or False The Seabury Corporation has a current ratio of 3.7 and an acid-test ratio of 3.4. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $21,000. Seabury Corporation's current liabilities must be: (Round your intermediate calculations to 1 decimal place.) Multiple Choice $238,000 $70,000 $6,300 $21,000
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