The acid-test ratio of a firm would be unaffected by which of the foll
The acid-test ratio of a firm would be unaffected by which of the following?
A) Inventories are sold on a short-term credit basis.
B) Common stock is sold and the money is invested in marketable securities.
C) Inventories are sold for cash.
D) Accounts payable are reduced by obtaining a short-term loan.
ANSWER
D
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