All Else Unchanged, Which of the Following Is True When

Multiple Choice

All else unchanged, which of the following is true when a firm sells a fixed asset on credit (an account receivable is created) ?

A) The current ratio goes up but the quick ratio is unchanged.
B) The current ratio goes up but the quick ratio declines.
C) The quick ratio goes up but the current ratio is unchanged.
D) The quick ratio goes up but the current ratio declines.
E) The quick ratio and the current ratio both go up.