If Marshall Toys has a current ratio of 2.5 and working capital of $1,100,000, which...
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Accounting
If Marshall Toys has a current ratio of 2.5 and working capital of $1,100,000, which of the following will cause both the current ratio and working capital to decrease?
Select one:
A. Paid accounts payable in the amount of $30,000
B. Recorded unpaid salaries in the amount of $80,000
C. Borrowed $100,000 from a bank to be repaid in 90-days
D. Purchased $15,000 of inventory on credit
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