Multiple Choice
Rahner Company has a current ratio of 1.75. This ratio will decrease if Rahner Company:
A) borrows cash using a six-month note.
B) pays the taxes payable which have been a current liability.
C) pays the following month's rent on the last day of the year.
D) sells inventory for more than their cost.
Correct Answer:
Verified
Correct Answer:
Verified
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