On April $1,$ year $8,$ Lenzner Company sold an item of inventory to a customer at a price resulting in gross profit to Lenzner. Which of the follo

statements is true regarding the effect of this transaction on the company's current ratio and quick ratio in year $8?$

Multiple Choice

The current ratio increases and the quick ratio stays the same.

The current ratio stays the same and the quick ratio increases.

Both the current ratio and the quick ratio increase.

Both the current ratio and the quick ratio stay the same.