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A company has a current ratio of 3:1 (three to one) and working capital of $200,000. The company pays off a $12,000 salary payable that
A company has a current ratio of 3:1 (three to one) and working capital of $200,000. The company pays off a $12,000 salary payable that had been recorded two weeks earlier. Assuming no other changes, after these payments, which of the following would be true? Current Ratio Working Capital Group of answer choices Higher than 3:1 Higher than $200,000 Lower than 3:1 Higher than $200,000 Exactly 3:1 Exactly $200,000 Higher than 3:1 Exactly $200,000
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