Question 24 1 pts Company B overstated its purchases and ending inventory by $20,000 each. Current assets and current liabilities under the correct reporting of purchases and ending inventory should have been $98,000 and $87,000, respectively. Which of the following is true? The current ratio is greater under the correct reporting of purchases and ending inventory The working capital ratio is overstated when overstating purchases and ending inventory Both statements are false Both statements are true