Multiple Choice
A client has settled his outstanding credit account with your company; at the same time,you have just received cash for inventory that you sold at cost.What is the overall impact of these concurrent changes on the current ratio?
A) There is no impact.
B) The inflow of cash caused the current ratio to rise.
C) Depends on the actual dollar amounts.
D) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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