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A company's current ratio and an acid-test ratio are both greater than 1. Payment of an account payable would: A. increase the acid-test ratio but
A company's current ratio and an acid-test ratio are both greater than 1. Payment of an account payable would:
A. increase the acid-test ratio but the current ratio would not be affected.
B. decrease both the current and acid-test ratios.
C. increase the current ratio but the acid-test ratio would not be affected.
D. increase both the current and acid-test ratios.
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