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A companys current ratio is 1.9 times. If some of the accounts payable are paid off from sell of inventory, the: a. % change in
A companys current ratio is 1.9 times. If some of the accounts payable are paid off from sell of inventory, the: a. % change in numerator would decrease more than the % change in denominator, resulting in
a lower current ratio b. % change in denominator would decrease more than the % change in numerator, resulting in a higher current ratio c. % changes in numerator and denominator would decrease proportionally, leaving the current ratio unchanged d. None of the above
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