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Assume a companys liquidity and financing ratios all are greater than 1.0 before it pays its bill from a plumber for previous services on account.

Assume a companys liquidity and financing ratios all are greater than 1.0 before it pays its bill from a plumber for previous services on account. When it pays the plumber:

Multiple Choice

Its quick ratio increases.
Its debt to equity ratio remains unchanged.
Its current ratio decreases.
Its quick ratio remains unchanged.

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