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QUESTION
Calculate the current ratio at August 31.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. Calculate the current ratio at August 31. $1,207,035 / 20,164 What effect does issuing additional shares of stock for cash have on a company"s current ratio? Cash and current assets increase, current liabilities stay the same. What effect does purchasing treasury stock for cash have on a company"s current ratio?
