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Westcott,Inc.has the Following Information from Its Accounting Records

Question 153

Multiple Choice

Westcott,Inc.has the following information from its accounting records:
Westcott,Inc.has the following information from its accounting records: If Westcott uses cash of $5,000 to pay a current liability,its: A) current ratio increases and its debt-to-assets ratio increases B) current ratio increases and its debt-to-assets ratio decreases C) current ratio decreases and its debt-to-assets ratio increases D) current ratio decreases and its debt-to-assets ratio decreases
If Westcott uses cash of $5,000 to pay a current liability,its:


A) current ratio increases and its debt-to-assets ratio increases
B) current ratio increases and its debt-to-assets ratio decreases
C) current ratio decreases and its debt-to-assets ratio increases
D) current ratio decreases and its debt-to-assets ratio decreases

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