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Current ratio
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Can someone help me please with this question? The lenders of X have asked you to prepare the following ratios for the company from their comparative financial statements. They are concerned about Soukup’s ability to continue as a going concern. The ratios are as follows: Year 2003 ...
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How would the following actions affect a firm's current ratio? 1. Inventory is sold. 2. The firm takes out a bank loan to pay its suppliers. 3. A customer pays its overdue bills. 4. The firm uses cash to purchase additional inventories Thank you View more questions Search
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