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  3. a company's current ratio and an acid-test ratio a

A company's current ratio and an acid-test ratio are both greater than 1. Payment of...

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Accounting

A company's current ratio and an acid-test ratio are both greater than 1. Payment of an account payable would:

increase the acid-test ratio but the current ratio would not be affected.

decrease both the current and acid-test ratios.

increase both the current and acid-test ratios.

increase the current ratio but the acid-test ratio would not be affected.

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