Question: LifeCo's current ratio has been steadily increasing over recent years and yet the company finds itself unable to pay its employees for the current month.

LifeCo's current ratio has been steadily increasing over recent years and yet the company finds itself unable to pay its employees for the current month. Which of the following is the most likely explanation for this? O An increase in accounts being written off due to uncollectibility. O LifeCo is carrying fully depreciated machinery on its books. O Life Co has significant obsolete inventory in its warehouse that has yet to be written off or disposed of. O There has been a steady decrease in accounts receivable

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