Question: If total current assets and total quick assets (current assets less inventory) exceeded current liabilities. A transaction involving the payment of a short-term note payable

If total current assets and total quick assets (current assets less inventory) exceeded current liabilities. A transaction involving the payment of a short-term note payable would: Select one:

Affect the current ratio and the quick ratio to the same degree.

Affect the quick ratio, but not the current ratio.

Affect the quick ratio to a greater degree than the current ratio.

Affect the current ratio to a greater degree than the quick (acid-test) ratio.

Affect the current ratio, but not the quick ratio

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