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29 Sep 2019
Please, explain this task as accurate and detailed as possible.
Are these two statements true or false and why? Explain in details.
) If our current ratio is greater than 1,5, then borrowing on a short-term basis and using the funds to build up our cash would cause the current ratio to increase.
2) If our current ratio is less than 1.0, then using some of our cash to pay off some of our current liabilities would cause the current ratio to increase and thus make the firm look stronger.
Please, explain this task as accurate and detailed as possible.
Are these two statements true or false and why? Explain in details.
) If our current ratio is greater than 1,5, then borrowing on a short-term basis and using the funds to build up our cash would cause the current ratio to increase.
2) If our current ratio is less than 1.0, then using some of our cash to pay off some of our current liabilities would cause the current ratio to increase and thus make the firm look stronger.
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watching
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Patrina SchowalterLv2
29 Sep 2019
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