Description
due 3 hours later
not hard question
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Explanation & Answer
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Running head: FINANCE HOMEWORK
1
Finance homework
Name
Institution
Date
FINANCE HOMEWORK
Solution
Paying off suppliers and short-term creditors will reduce the accounts payable and shortterm. This will increase the current ratio. If the firm uses cash to purchase inventory, there will
be no change in the current ratio since the current assets will remain the same.
Solution
ROE ...