Suppose a firm pays a 50,000$ trade credit obligation to a supplier in cash.

a. What impact does this transaction have on the firm's current ratio if the intial current ratio equaled 1? b. What impact does this transaction have on the firm's current ratio if the intial current ratio is 0.5? c. what impact does this transaction have on the firm's current ratio if the initial current ratio equaled 1.7?

Please show the calculations and work.