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BSO Inc ha liquid assets of $600000 and current liabilities.

BSO, Inc ha liquid assets of $600,000 and current liabilities of $500,000, resulting in a quick ratio of 1.2. For each of the following transactions, determine whether the quick ratio will increase, decrease, or remain the same.

1. Purchased $20,000 of new inventory on credit.
2. Paid accounts payable in the amount of $ 50,000.
3. Recorded accrued salaries in the amount of $100,000.
4. Borrowed $250,000 from a local bank, to be repaid in 90 days.

Jun 01 2018 View more View Less

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