Jone and Malay have current ratios of 0.9 and 2.5 respectively. If each company then makes a purchase of inventories on
Posted: Fri Jul 01, 2022 8:20 am
Jone and Malay have current ratios of 0.9 and 2.5respectively. If each company then makes a purchase of inventorieson credit, what will be the effect on the current ratio of eachcompany
Jone's current ratio will
A. increase
B. decrease
C. not change
Malay's current ratio will
A. increase
B. decrease
C. not change
Jone's current ratio will
A. increase
B. decrease
C. not change
Malay's current ratio will
A. increase
B. decrease
C. not change