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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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