Multiple Choice
A company goes ahead and purchases inventory.The impact on the current ratio is:
A) zero,if inventory was purchased using cash.
B) positive,if CA < CL to start with and inventory is purchased on credit.
C) negative,if CA > CL to start with and inventory is purchased on credit.
D) All of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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