A companys current ratio and an acid-test ratio are both, Financial Accounting

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A companys current ratio and an acid-test ratio are both

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: A companys current ratio and an acid-test ratio are both

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Financial Accounting: A companys current ratio and an acid-test ratio are both

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