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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49d6e6d0-335f-4c2c-8c96-5a22eee80ca5%2F650f627a-25ac-4c5f-bf71-c6eff4c46338%2F7oywbzn_processed.png&w=3840&q=75)
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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