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ACME Inc. has a Current Ratio of 2.30x and a Quick Ratio of 0.85x Next week the company will issue $2.3 million in common stock

ACME Inc. has a Current Ratio of 2.30x and a Quick Ratio of 0.85x

Next week the company will issue $2.3 million in common stock and use the funds to pay off $1.5 million in long term debt and the remaining $800,000 to expand its current factory. These action will result in which of the following

		The Current Ratio will increase & the Quick Ratio will increase
		The Current Ratio will decline & the Quick Ratio will decline
		The Current Ratio will not change & the Quick Ratio will not change
		The Current Ratio will increase & the Quick Ratio will not change
		The Current Ratio will not change & the Quick Ratio will decrease

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