If a Firm Sold Some Inventory on Credit as Opposed

question 93

True/False

If a firm sold some inventory on credit as opposed to cash,there is no reason to think that either its current or quick ratio would change.

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Definitions:

In-

A prefix used to indicate negation or absence.

Retro-

A prefix meaning "backwards" or "behind," used in various contexts including medical terminology to denote location or time.

Backward

Denotes a movement or action directed towards the rear or in reverse.

Ante-

A prefix meaning before or preceding in time or order.