softball training company has a current ratio of 0.70 to 1, based on current assets of $4.55 million and current liabilities of $6.50 million. 1. how, if at all, will a $700,000 cash purchase of inventory affect the current ratio? 2. how, if at all, will a $700,000 purchase of inventory on account affect the current ratio?

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07-12-2022
Business

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softball training company has a current ratio of 0.70 to 1, based on current assets of $4.55 million and current liabilities of $6.50 million. 1. how, if at all, will a $700,000 cash purchase of inventory affect the current ratio? 2. how, if at all, will a $700,000 purchase of inventory on account affect the current ratio?

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