37. A company with S60,000 in current assets and $35,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will A) remain the same and decrease, respectively. B) both decrease. 9 increase and remain the same, respectively. D) both increase.

37. A company with S60,000 in current assets and $35,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will A) remain the same and decrease, respectively. B) both decrease. 9 increase and remain the same, respectively. D) both increase.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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