The Bozeman Company had current assets of $400 and current liabilities of $500 prior to the following transactions:

1. Declaration of a cash dividend, $100

2. Payment of an account payable, $80

The combined effect of these two transactions will cause what effect on Working Capital and the Working Capital Ratio, respectively?

Select one:

a.No Effect, Decrease

b.No Effect, Increase

c.No Effect, No Effect

d.Decrease, Decrease

e.Decrease, Increase