2A2C IF A COMPANY HAS A CURRENT RATIO OF 2.1 AND PAYS OFF A PORTION O...
36.
CSO: 2A2a
LOS: 2A2c
If a company has a current ratio of 2.1 and pays off a portion of its accounts payable with
cash, the current ratio will
a.
decrease.
b.
increase.
c.
remain unchanged.
d.
move closer to the quick ratio.