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Accounting help, please and thank you so much.. The Shippecasse Company had a Current Ratio of 2:1. The Company declared a $10,000 cash dividend to

Accounting help, please and thank you so much..

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The Shippecasse Company had a Current Ratio of 2:1. The Company declared a $10,000 cash dividend to preferred shareholders and immediately paid 70% of it. What is the combined effect of these two transactions on the current ratio and total stockholders' equity, respectively? Select one: a. Increase, Increase b. Decrease, Decrease c. Increase, Decrease d. No Effect, increase e. Decrease. No Effect

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