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    Managerial Accounting Study Set 23
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    Exam 16: Financial Statement Analysis
  5. Question
    If the Acid-Test Ratio Is Less Than One, Then Paying
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If the Acid-Test Ratio Is Less Than One, Then Paying

Question 165

Question 165

True/False

If the acid-test ratio is less than one, then paying off some current liabilities with cash will increase the acid-test (quick) ratio.

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