A company sold inventory that cost $100 for $100 cash just to get rid of the inventory (The inventory wasn't going to sell because newer models have come out). Account Receivable didn't change at all. The company left the money in the bank, and did not spend the cash. Also, the company's current liability did not change after the sale of inventory. After the sale of the inventory, the company's current ratio would decline and so would the quick ratio. no let the money in the bank, and did not spend the cast are, the Here are the balance sheet numbers before AND after the sale of inventory. Before After Cash $100 500 $200 500 Accounts Receivable Inventory 400 300 Total current Assets $1,000 $1,000 Current Liabilities $500 $500 O True O False