Question: Question 44 (Mandatory) (4 points) If a corporation has a Current Ratio = 1.20 and an Acid-Test Ratio of 0.80, how will the purchase of

Question 44 (Mandatory) (4 points) If a corporation has a Current Ratio = 1.20 and an Acid-Test Ratio of 0.80, how will the purchase of inventory with cash affect each ratio? Decrease the Current Ratio and decrease the Acid-Test Ratio increase the Current Ratio and increase the Acid-Test Ratio No change to the Current Ratio and increase the Acid-Test Ratio Increase the Current Ratio and decrease the Acid-Test Ratio No change to the Current Ratio and decrease the Acid-Test Ratio

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