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A firm's current ratio is 2.0 and quick ratio is 0.5. If the firm sells half of its inventory and receives cash payment right away

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A firm's current ratio is 2.0 and quick ratio is 0.5. If the firm sells half of its inventory and receives cash payment right away while other things do not change, what will the current ratio and quick ratio look like after this transaction? Hint: current assets include cash & short-term securities, accounts receivable, and inventory. O A. Current ratio = 2.0, Quick ratio = 0.5 B. Current ratio 0.5 O c. Current ratio = 2.0, Quick ratio > 0.5 OD. Current ratio > 2.0, Quick ratio

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