As of December 31,Year 1,Gant Corporation Had a Current Ratio

Multiple Choice

As of December 31,Year 1,Gant Corporation had a current ratio of 1.29,quick ratio of 1.05,and working capital of $18,000.The company uses a perpetual inventory system and sells merchandise for more than it cost.On January 1,Year 2,Gant collected $5,200 of accounts receivable.As a result of this transaction,Gant's working capital will:

A) Increase.
B) Decrease.
C) Remain the same.
D) Cannot be determined.