Question 1 1 pts A corporation wrote off $30,000 of obsolete inventory at the end of the year. The will result in the company's quick ratio: Staying the same Increasing at first and then declining O Decreasing Increasing Question 2 1 pts Suppose a company starts with $7,000 in current assets and $5,000 in current liabilities. The company then refinances $700 of short-term debt with long term debt. After the refinancing, what is the company's current ratio? Round your answer to 2 decimal places, for example 1.12