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The Quick ratio is measured by (Cash + Receivables) / Current liabilities. Assume this ratio...

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Accounting

The Quick ratio is measured by (Cash + Receivables) / Current liabilities.

Assume this ratio is currently 80% (or 0.8:1) and that the cash balance remains positive at all times.

State the effect the following event occurring on the reporting date would have on this ratio.

EVENT: A payment to buy back a portion of shares from investors

would the ratio increase, decrease or no change?

answer asap pls

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