In 2018, the current ratio (CR) of a company was 0.8. In early January of...
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Accounting
In 2018, the current ratio (CR) of a company was 0.8. In early January of 2019, A/P was paid. Explain the effect the payment had on the current ratio. That is, explain whether the transaction increased, decreased, or had no effect on CR. Construct a numerical example to support your argument.
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