- The company recorded cash disbursements by paying trade accounts payable but held the checks past the year-end date, meaning that the \"disbursements\" should not have been shown as credits to cash and debits to accounts payable. Is the current ratio higher than, equal to, or lower than what it should have been? Consider cases in which the current ratio before the improper \"disbursement\" recording was (1) higher than 1:1, (2) equal to 1:1, and (3) lower than 1:1