A company with s60,000 in current assets and $35,000 in current labiities pays a $1,000 current liability. As a resul of this transaction, the current ratio and working capital will a. remain the same and decrease, respectively. b. both decrease. C. both increase. d. increase and remain the same, respectively.

A company with s60,000 in current assets and $35,000 in current labiities pays a $1,000 current liability. As a resul of this transaction, the current ratio and working capital will a. remain the same and decrease, respectively. b. both decrease. C. both increase. d. increase and remain the same, respectively.

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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