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When Examining Whether a Company Has Underrecorded Accounts Payable, All

Question 29

Multiple Choice

When examining whether a company has underrecorded accounts payable, all of the following ratios are helpful EXCEPT:

A) Quick assets/Current liabilities
B) Accounts payable/Purchases
C) Accounts payable/Cost of goods sold
D) Unearned revenue/Accounts payable

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