Louisiana State University, Shreveport ACCOUNTING ACCOUNTING Acct 701 need help on practice. If a company has a current ratio below 1, which of the following transactions would cause the current ratio to increase?
If a company has a current ratio below 1, which of the following transactions would cause the current ratio to increase?
Select one:
a. Collecting an account receivable
b. Purchasing land with cash
c. Purchasing inventory by signing a long-term note
d. Purchasing land by signing a short-term note
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