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At December 30, Vida Co. had cash of $200,000, a current ratio of 1.5:1, and a quick ratio of .5:1. On December 31, all the cash was used to reduce accounts payable. How did this cash payment affect t
At December 30, Vida Co. had cash of $200,000, a current ratio of 1.5:1, and a quick ratio of .5:1. On
December 31, all the cash was used to reduce accounts payable. How did this cash payment affect the ratios?
a
b
c
At December 30, Vida Co. had cash of $200,000, a current ratio of 1.5:1, and a quick ratio of .5:1. On
December 31, all the cash was used to reduce accounts payable. How did this cash payment affect the ratios?
a
b
c
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