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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 31
If a company's current ratio declined in a year during which its quick ratio improved, which of the following is the most likely explanation
a.nventory is increasing.
b.eceivables are being collected more slowly than in the past.
c.eceivables are being collected more rapidly than in the past.
d.nventory is declining.
a.nventory is increasing.
b.eceivables are being collected more slowly than in the past.
c.eceivables are being collected more rapidly than in the past.
d.nventory is declining.
Explanation
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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