I believe the correct answer is C, The company writes a $30000 check to pay off some existing accounts payable. Another here on Chegg has said its A the company collects $500,000. Others have also stated the correct answer is C. Whose correct?

Jones, Inc. has a current ratio equal to 1.40. Which of the following transactions will increase the company's current ratio?

A.The company collects $500,000 of its accounts receivable.
B.The company sells $1 million of inventory on credit.
C.The company pays back $50,000 of its long-term debt.
D.The company writes a $30,000 check to pay off some existing accounts payable.