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During the year, Quik Chik recorded services provided to customers on account. What effect will...

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Accounting

During the year, Quik Chik recorded services provided to customers on account. What effect will this transaction have on the debt-to-assets and times interest earned ratios?

A) Both ratios will increase.

B) The debt-to-assets ratio will increase and the times interest earned will not change.

C) The debt-to-assets ratio will decrease and the times interest earned will increase.

D) Both ratios will decrease.

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