(CMA adapted, Dec 93 #17) Norton Inc has a 2 to 1 current ratio. This ratio would increase to more than 2 to 1 if
a. a previously declared stock dividend were distributed.
b. the company wrote off an uncollectible receivable.
c. the company sold merchandise on open account that earned a normal gross margin.
d. the company purchased inventory on open account.
e. none of the above.
C
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