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A companys current ratio and its acid-test ratio are both greater than 1. Payment of an account payable would: Multiple Choice increase the current ratio

A companys current ratio and its acid-test ratio are both greater than 1. Payment of an account payable would:

Multiple Choice

  • increase the current ratio but the acid-test ratio would not be affected.

  • increase both the current and acid-test ratios.

  • increase the acid-test ratio but the current ratio would not be affected.

  • decrease both the current and acid-test ratios.

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