EBK INVESTMENTS
EBK INVESTMENTS
11th Edition
ISBN: 9781259357480
Author: Bodie
Publisher: MCGRAW HILL BOOK COMPANY
Question
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Chapter 19, Problem 11CP
Summary Introduction

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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