A company's current ratio and its acid-test ratio are both greater than 1. Payment of an account payable would:
A. increase the current ratio but the acid-test ratio would not be affected.
B. increase the acid-test ratio but the current ratio would not be affected.
C. decrease both the current and acid-test ratios.
D. increase both the current and acid-test ratios.
Answer: D
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Answer the following statement true (T) or false (F)