Question: Can I get help with this question? Ill give thumbs up if correct :) Thank you in advance! A firm received cash from a customer

Can I get help with this question? Ill give thumbs up if correct :)

Thank you in advance!

A firm received cash from a customer in advance of six months of service. Indicate whether this transaction will immediately increase (I), decrease (D), or have no effect (N) on current ratio and acid- test ratio. Assume each ratio is greater than 10 before action is taken. Current Ratio = Current Assets / Current Liabilities Acid-test Ratio - Quick Assets / Current Liabilities Quick Assets = unrestricted cash + short-term investments + accounts receivable O Current Ratio (D), Acid-test Ratio (1) Current Ratio (1). Acid-test Ratio (D) Current Ratio (D). Acid-test Ratio (D) None of the other answer choices are correct

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