Question: Answer the following as true or false, then select the correct multiple-choice answer. The current ratio will decrease if a company buys equipment with cash.

Answer the following as true or false, then select the correct

Answer the following as true or false, then select the correct multiple-choice answer. The current ratio will decrease if a company buys equipment with cash. If a company has a current ratio of 2 to 1, the issuance of a short-term note for cash will reduce the current ratio. A. True, True B. False, True OC. False, False D. True, False

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