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Use the Information That Follows Concerning the Current Assets and Current

Question 103

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Use the information that follows concerning the current assets and current liabilities of Ryan Company at December 31, 2010, to answer problems 3 through 8. Each problem is independent of the others.
Use the information that follows concerning the current assets and current liabilities of Ryan Company at December 31, 2010, to answer problems 3 through 8. Each problem is independent of the others. -How would the current ratio be affected if Ryan collects the accounts receivable and then uses some of the cash to pay off the accounts payable?
-How would the current ratio be affected if Ryan collects the accounts receivable and then uses some of the cash to pay off the accounts payable?

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