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For a firm that presently has a current ratio of 2.0, the effect on this...

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Accounting

For a firm that presently has a current ratio of 2.0, the effect on this ratio of paying a current liability is: a. Raises the current ratio. b. Lowers the current ratio. c. Doesnt affect the current ratio. d. Depends on the amount paid. e. Not determinable based on the facts given

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