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If Red Oak. using the perpetual inventory system, sold some inventory at a price lower than the cost. the company's current ratio and acid-test (quick)

If Red Oak. using the perpetual inventory system, sold some inventory at a price lower than the cost. the company's current ratio and acid-test (quick) ratio would

Current ratio Acid-test ratio

A. Increase Decrease

B. Decrease Decrease

C. Decrease Increase

D. Increase Increase

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