8 Assume the current ratio, accounts payable turnover, and debt to equity ratios were all...
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8 Assume the current ratio, accounts payable turnover, and debt to equity ratios were all greater than one. Assume each case is independent of all others. Determine if each ratio will "T" Increase, "D" Decrease, or "S" stay the same. Place an "I", "D", or "S" in the spaces provided. Show all work in order to receive any credit. I must be able to follow your work! 1. Paid Utilities Payable utilities p casn V 2. Issued Common Stock for Cash 3. Purchased Inventory with cash 4. Collected on an A/R 5. Wrote off an A/R under the Allowance Method CA CL Current Ratio D Hule J S S s cat si A/P Turnover I S Debt to Equity D A je A
Assume the current ratio, accounts payable turnover, and debt to equity ration were all greater than one any credit. I must be able to follow your work
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