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 paid $250 for transportation-in cost on merchandise it had received.Which of the following statements is not true?

A) Gant's current ratio will remain the same.
B) Gant's quick ratio will increase.
C) Gant's working capital will remain the same.
D) Gant's quick ratio will decrease and its current ratio will remain the same.