Which of the Following Transactions Would Increase the Current Ratio

question 55

Multiple Choice

Which of the following transactions would increase the current ratio of a company if the ratio is currently greater than 1?

• A)Paid the principal on a long-term note payable.
• B)Borrowed cash on a short-term note.
• C)Sold inventory for more than cost.
• D)Purchased supplies with cash.

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