A company with $50,000 in current assets, $25,000 in quick assets, and $30,000 in current liabilities makes a payment of a $1,500 current debt. As a result of this transaction, the current ratio and quick ratio will
A) both decrease.
B) increase and decrease, respectively.
C) both increase.
D) remain the same and decrease, respectively.

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The Answer of A company with $50,000 in current assets, $25,000 in quick assets, and $30,000 in current liabilities makes a payment of a $1,500 current debt. As a result of this transaction, the current ratio and quick ratio will
A) both decrease.
B) increase and decrease, respectively.
C) both increase.
D) remain the same and decrease, respectively.

A Company with $50,000 in Current Assets, $25,000 in Quick