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The Shippecasse Company had a Current Ratio of 12 . The Compary declared a $10000 cast dividend to preferted shareholders and immediately paid 708 of

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The Shippecasse Company had a Current Ratio of 12 . The Compary declared a $10000 cast dividend to preferted shareholders and immediately paid 708 of it. What is the combined effect of these two transactions on the current ratio and total stockholders equity, respectiely? Select one a. increase, inctease b. Decreose, Decrease c. Increase, Decrease d. No Effect, increase e. Decrease, No Etiect

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