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Comparing This Year's Results to Last Year's, Thabo Discovered That

Question 64

Multiple Choice

Comparing this year's results to last year's, Thabo discovered that his business's current ratio improved from 1.5 to 2.0.What has happened?

A) Current liabilities have decreased.
B) Non-current assets have increased.
C) Equity has increased.
D) Non-current liabilities decreased.

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