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Suppose a firm pays a 50000 trade credit obligation to a

Question - Suppose a firm pays a $50,000 trade credit obligation to a supplier in cash.

What impact does this transition have on the firm's current ratio if the initial current ratio equaled 1?

What impact does this transition have on the firm's current ratio if the initial current ratio equaled 0.5?

What impact does this transition have on the firm's current ratio if the initial current ratio equaled 1.7?

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Accounting Basics: Suppose a firm pays a 50000 trade credit obligation to a

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Accounting Basics: Suppose a firm pays a 50000 trade credit obligation to a

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