-1 if total current assets and total quick assets (current assets less inventory) exceeded current liabilities. A transaction involving the payment of a short-term note payable would TO stof 19 Finis Affect the current ratio and the quick ratio to the same degree. Affect the current ratio to a greater degree than the quick (acid-test) ratio. Affect the quick ratio to a greater degree than the current ratio. Affect the current ratio, but not the quick ratio Affect the quick ratio, but not the current ratio