The Miller Company paid off some of its accounts payable using cash. The company's current ratio is greater than 1. The company's current ratio would:
A) increase.
B) decrease.
C) remain unchanged.
D) impossible to determine from the information given.

Question

Quizplus · Accepted Answer

The Answer of The Miller Company paid off some of its accounts payable using cash. The company's current ratio is greater than 1. The company's current ratio would:
A) increase.
B) decrease.
C) remain unchanged.
D) impossible to determine from the information given.

The Miller Company Paid Off Some of Its Accounts Payable