Multiple Choice
A company has a current ratio of 2.0 and a quick ratio of 1.4.If the company then collects an accounts receivable,which of the following is a true statement?
A) The current ratio will not change and the quick ratio will increase.
B) The current ratio will increase and the quick ratio will increase.
C) The current ratio and the quick ratio will not change.
D) The current ratio will increase and the quick ratio will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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