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A business has current assets of 35000 and current

Question - A business has current assets of $35,000 and current liabilities of $20,000. It collects its receivables more quickly and uses $10,000 of its cash at bank to repay a long-term debt. What is the effect on the working capital ratio after the long-term debt is repaid?

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Accounting Basics: A business has current assets of 35000 and current

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Accounting Basics: A business has current assets of 35000 and current

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