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    Fundamentals of Financial Accounting Study Set 2
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    Exam 2: The Balance Sheet
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    Assume That Current Assets Are Greater Than Current Liabilities
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Assume That Current Assets Are Greater Than Current Liabilities

Question 63

Question 63

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Assume that current assets are greater than current liabilities.What would happen to the current ratio if a company purchased inventory?

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It depends.If inventory is purchased usi...

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