Multiple Choice
A company with $50,000 in current assets,$25,000 in quick assets,and $30,000 in current liabilities makes a payment of a $1,500 current debt.As a result of this transaction,the current ratio and quick ratio will
A) both increase.
B) both decrease.
C) increase and decrease,respectively.
D) remain the same and decrease,respectively.
Correct Answer:
Verified
Correct Answer:
Verified
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