Question: Jones, Inc. has a current ratio equal to 1.40. Which of the following transactions will increase the company's current ratio: The company collects $500,000 of

Jones, Inc. has a current ratio equal to 1.40. Which of the following transactions will increase the company's current ratio:

The company collects $500,000 of its A/R, The company sells $1Million of its inventory, Comapnywrites a check for $40,000 to pay A/P, Company pays back 60,000 of its long term debt

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