Depoole company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. these questions present several of depoole's transactions during the year. assume that total quick assets exceeded total current liabilities both before and after each transaction described. further assume that depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account.

47. payment of a trade account payable of $64,500 would

a. increase the current ratio but the quick ratio would not be affected.
b. increase the quick ratio but the current ratio would not be affected.
c. increase both the current and quick ratios.
d. decrease both the current and quick ratios.