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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. Calculate the current ratio at August 31. $1,207,035 / 20,164 What effect does issuing additional shares of stock for cash have on a company”s current ratio? Cash and current assets increase, current liabilities stay the same. What effect does purchasing treasury stock for cash have on a company”s current ratio?
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