Multiple Choice
On January 1,2015,Gatewood paid $4,600 on accounts payable.Which of the following statements is incorrect?
A) Gatewood's current ratio will increase.
B) Gatewood's quick ratio will increase.
C) Gatewood's quick ratio will increase and its current ratio will decrease.
D) Gatewood's working capital will not change.
Correct Answer:
Verified
Correct Answer:
Verified
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