The following data have been extracted from the financial statements of Hutton Inc. 12/31/Year 2 12/31/Year 1 Current assets: Cash and cash equivalents Marketable securities (at fair value) 110,000 140,000 Accounts receivable 700,000 600,000 Inventory (at lower of cost or market) 350,000 425,000 Total current assets Current liabilities: Accounts payable Notes payable 400,000 375,000 Accrued and other liabilities 300,000 225,000 Total current liabilities If at the end of Year 2, Hutton Inc. used $100 of cash to buy $100 of inventory, what would be the effect on the following ratios (relative to the ratios computed based on the balances currently shown on Hutton Inc.'s financial statements)? Effect on 12/31/Year 2: Current Ratio Quick Ratio A. Increase No effect B. No effect Decrease C. No effect No effect D. Decrease Decrease $ 100,000 $ 80,000 $ 1,260,000 $ 1,245,000 $ 200,000 $ 250,000 $ 900,000 $ 850,000 4/10/24, 2:19 PM P