Question: Current Ratio. Would the following events increase or decrease a firm's current ratio? (L04-3) a. Inventory is sold. b. The firm takes out a bank

Current Ratio. Would the following events increase or decrease a firm's current ratio? (L04-3) a. Inventory is sold. b. The firm takes out a bank loan to pay its suppliers. c. The firm arranges a line of credit with a bank that allows it to borrow at any time to pay its suppliers. d. A customer pays its overdue bills. e. The firm uses cash to buy additional inventory

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