Zenk Co. wrote off obsolete inventory of $100,000 during 2016. What was the effect of...
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Zenk Co. wrote off obsolete inventory of $100,000 during 2016. What was the effect of this write-off on Zenks ratio analysis? a. Decrease in the current ratio but not the quick ratio. b. Decrease in the quick ratio but not in the current ratio. c. Increase in the current ratio but not in the quick ratio. d. Increase in the quick ratio but not in the current rattio.
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