A corporation wrote off $30,000 of obsolete inventory at the end of the year. The will result in the companys quick ratio:

Group of answer choices

a.Increasing at first and then declining

b. Decreasing

c. Increasing

d. Staying the same

Suppose a company starts with $8,000 in current assets and $4,000 in current liabilities. The company then refinances $500 of short-term debt with long term debt. After the refinancing, what is the company's current ratio?