Business, 21.04.2020 18:20 bobduncan15

The change in inventory value was created purely by accounting and exchange rate factors, because the subsidiary still has the same inventory and assets in place. However, this change would affect Streep’s consolidated financial statements and ratios. Assuming no other changes occurred, what effect would this have on Streep’s current ratio?

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The change in inventory value was created purely by accounting and exchange rate factors, because th...

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