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Which of the transaction would increase the current ratio

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Problem 1: Jaffers Corporation has a current ratio (defined as current assets dividend by current liabilities) of 1.7 as of the end of 2020. Which of the following transaction would increase the current ratio?

a. Jaffers receives payment of an outstanding account receivable.
b. Jaffers pays an outstanding long-term liability
c. Jaffers purchases more inventory on account.
d. Jaffers issues long-term debt and receives cash

Reference no: EM132817924

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