Rose's Gift Shop borrows money on a short-term basis by pledging its inventory as collateral. This is an example of a(n):
Refer to section 18.5
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14.
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Which one of the following increases cash?
Refer to section 18.1
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15.
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Which of the following are uses of cash?
I. collecting a receivable II. increasing inventory III. obtaining a bank loan IV. paying a supplier for previous purchases
Refer to section 18.1
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16.
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Which one of the following will increase net working capital? Assume the current ratio is greater than 1.0.
Refer to section 18.1
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