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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Scott Company had a current ratio of 2.57:1 in Year 1 and 2.76:1 in Year 2. This change in current ratio indicates:
A) the company's customers are paying their accounts sooner.
B) the company's debt paying ability has improved.
C) the company is able to sell its inventory faster.
D) the company's debt paying ability has weakened.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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6 years ago
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