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Dungy Training Company has a current ratio of 0 80 to 1 based on current assets of $6 million and current liabilities of $7 5 million How if at all will an $800000 cash purchase of inventory

Dungy Training Company has a current ratio of 0.80 to 1, based on current assets of $6 million and current liabilities of $7.5 million. How, if at all, will an $800,000 cash purchase of inventory affect the current ratio? How, if at all, will an $800,000 purchase of inventory on account affect the current ratio?

May 18 2020 View more View Less

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