Walter medical industriesrsquo current ratio is 08, Ask an Expert

Finance

Walter Medical Industries’ current ratio is 0.8. Considered alone, which of the following actions would decrease the company’s current ratio?

Borrow using long-term notes payable and use the cash to increase inventories.

Use cash to reduce accounts payable.

Use cash to purchase inventory.

Collection of accounts receivable.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92724927

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