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Homework answers / question archive / If ABC Company Limited has a current ratio of 1
If ABC Company Limited has a current ratio of 1.2:1, which of the following activity would increase the company’s current ratio:
A.
Borrowing money on a 6-month note
B.
Paying long term debt for cash
C.
Declaring a cash dividend payable next period
D.
Cash repayment to reduce account payment
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