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What is the net effect of the changes on the current ratio

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Reference no: EM133011274

Problem 1: A client has settled their outstanding credit account with your company; at the same time, you have just received cash for inventory that you sold at cost. What is the net effect of these changes on the current ratio?

Option 1: The current ratio will decrease.

Option 2: There is no impact; the current ratio remains the same.

Option 3: More information is needed to determine the impact.

Option 4: The current ratio will increase

Reference no: EM133011274

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