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Which transactions will decrease the current ratio

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Reference no: EM132741553

Problem 1: At the end of year 5 , Jones Corporation has a current ratio of 2:1 . Which of the following transactions will decrease the current ratio ?

a. Issuance of long-term bonds at a premium
b. Sale of merchandise on open account
c. Sale of plant assets for less than the book value
d. Declaration of cash dividends on common stock

Reference no: EM132741553

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