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kaykay41 kaykay41
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A year ago
A company’s current ratio and its acid-test ratio are both greater than 1. Payment of an account payable would:

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

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

▸ increase both the current and acid-test ratios.

▸ decrease both the current and acid-test ratios.
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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lewmyrlewmyr
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kaykay41 Author
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A year ago
Thanks for your help!!
jbag1237
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You make an excellent tutor!
noodlelicker
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Just got PERFECT on my quiz
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