Use the following to answer questions
The following information is taken from the balance sheet of Menendez Company on January 1,2016:
-On January 2,2016,the company recorded the following transaction:
Recording this transaction will:
A) decrease the current ratio to 1:1
B) increase the current ratio to 3:1
C) increase the current ratio to 5:1
D) have no effect on the current ratio
Correct Answer:
Verified
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