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17, Which of the following statements is CORRECT?
17, Which of the following statements is CORRECT?a.A reduction in inventories held would have no effect on the current ratio.b.An increase in inventories would have no effect on the current ratio.c.If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase.d.A reduction in the inventory turnover ratio will generally lead to an increase in the ROE.e.If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will decrease.
