The effect on the current ratio and the asset turnover ratio when company uses cash to dispense note payble. Introduction: The current ratio is used to determine the ability of the company to meet its short term obligation while turnover ratio is used to measure the sales per dollar of assets.

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Chapter 19, Problem 11CP

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To determine: The effect on the current ratio and the asset turnover ratio when company uses cash to dispense note payble.

Introduction:

The current ratio is used to determine the ability of the company to meet its short term obligation while turnover ratio is used to measure the sales per dollar of assets.

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