As of December 31, 2012, Grove Corporation Had a Current

Multiple Choice

As of December 31, 2012, Grove 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, 2012, Grove paid $250 for transportation costs on merchandise it had received. Which of the following statements is incorrect?

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