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Select the answer(s) which is(are) most correct? 1. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its

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Select the answer(s) which is(are) most correct? 1. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its current ratio must rise. II. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its quick ratio must fall. III. A company's quick ratio may never exceed its current ratio. Select one: a. I & III only b. II & III only c. Ill only d. I only e. Il only

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