Multiple Choice
A company with $75,000 in current assets,$37,500 in quick assets,and $45,000 in current liabilities makes a payment of a $3,000 oncurrent debt.As a result of this transaction,the current ratio and quick ratio will
A) both decrease.
B) increase and decrease,respectively.
C) both increase.
D) remain the same and decrease,respectively.
Correct Answer:
Verified
Correct Answer:
Verified
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