Question: Tillie Corporation has a current ratio (Current Assets/ Current Liabilities) of 2:1. How will the payment of a cash dividend declared two weeks ago

Tillie Corporation has a current ratio (Current Assets/ Current Liabilities) of 2:1.

Tillie Corporation has a current ratio (Current Assets/ Current Liabilities) of 2:1. How will the payment of a cash dividend declared two weeks ago affect the following? O a. O b. Current Ratio Decrease OC O d. Current Ratio Increase O e. Current Ratio Increase Current Ratio No Effect Current Ratio No Effect Working Capital No effect Working Capital Decrease Working Capital Increase Working Capital Decrease Working Capital No Effect

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The answer is b Current ratio decrease and working capital decrease Explanation The journal entry fo... View full answer

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