A companys current ratio and an acid-test ratio are both, Ask an Expert

Accounting

A company's current ratio and an acid-test ratio are both greater than 1. Payment of an account payable would:

A. increase the acid-test ratio but the current ratio would not be affected.

B. decrease both the current and acid-test ratios.

C. increase the current ratio but the acid-test ratio would not be affected.

D. increase both the current and acid-test ratios.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91960299

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