What is the effect of a purchase of inventory on account on the current - 15724

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yousafbhutta

yousafbhutta

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What is the effect of a purchase of inventory on account on the current ratio and on working capital, respectively? (Assume a current ratio greater than one prior to this transaction.)

 
Option B
 
Option A
 
Option C
 
Option D
                                       

Solution Description

 

transaction.)

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