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tkd_fighter tkd_fighter
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A year ago
Walter Industries’ current ratio is 0.9. Considered alone, which of the following actions would increase the company’s current ratio?


▸

Use cash to purchase inventories.



▸

Borrow using short-term notes payable and use the cash to purchase marketable securities.



▸

Use cash to reduce accrued taxes.



▸

Use cash to reduce long-term bonds outstanding.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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smiller94107smiller94107
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A year ago
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tkd_fighter Author
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A year ago
Smart ... Thanks!
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this is exactly what I needed
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