Multiple Choice
A company's current ratio and an acid-test ratio are both greater than 1. Payment of an account payable would:
A) increase the current ratio but the acid-test ratio would not be affected.
B) increase the acid-test ratio but the current ratio would not be affected.
C) increase both the current and acid-test ratios.
D) decrease both the current and acid-test ratios.
Correct Answer:
Verified
Correct Answer:
Verified
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