Multiple Choice Questions on Assuming that the current ratio is 2 1 purchase of goods on credit would ........ for Commerce 12th Preparation

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Multiple Choice Questions

Assuming that the current ratio is 2 1 purchase of goods on credit would ........

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    Assuming that the current ratio is 2 : 1, purchase of goods on credit would:

    Increase Current ratio

    Incorrect Answer

    Decrease Current ratio

    Correct Answer

    have no effect on Current ratio

    Incorrect Answer

    decrease gross profit ratio

    Incorrect Answer
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    Explanation:

    Decrease Current ratio

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