acrease National's current ratio? * none of the choices the collection of an account receivable. the purchase of inventory for cash. the payment of an account payable.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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National Corporation has a current ratio of 3.5. Which of the following transactions will
increase National's current ratio? *
none of the choices
O the collection of an account receivable.
the purchase of inventory for cash.
O the payment of an account payable.
Transcribed Image Text:National Corporation has a current ratio of 3.5. Which of the following transactions will increase National's current ratio? * none of the choices O the collection of an account receivable. the purchase of inventory for cash. O the payment of an account payable.
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