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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 6: The Current Asset Classification, Cash, and Accounts Receivable
  5. Question
    How Would the Current Ratio Be Affected If Ryan Paid
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How Would the Current Ratio Be Affected If Ryan Paid

Question 65

Question 65

Essay

How would the current ratio be affected if Ryan paid off its wages and taxes?

Correct Answer:

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Before: $7,100/$6,300 = 1.13
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