Rialto Company collected $5,000 on account. What impact will this transaction have on the firm's current ratio?
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Question:
Rialto Company collected $5,000 on account. What impact will this transaction have on the firm's current ratio?
A) Not enough information is provided to answer the question.
B) Decrease it
C)Increase it
D) No impact
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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