Books Forever Inc. uses notes payable to buy inventory. Assuming an initial current ratio that is greater than 1 and an initial quick (or acid test) ratio that is less than 1, what is the effect of this transaction on the current ratio, the quick ratio, and net income Current ratioQuick ratioNet income()
A. Decrease Decrease No impact
B. Increase Increase No impact
C. Decrease Increase Increase
参考答案：A
解析：
As an example, start with CA=2, CL=1 and Inv=1.2. We begin with a current ratio of 2 and a quick ratio of 0.8. If the firm increases notes payable by 1 to buy inventory of 1, both the numerator and denominator increase by 1, resulting in 3/2=1.5 (new current ratio) and [(3-2.2)/2]=0.4(new quick ratio). This transaction does not impact net income, so the result is a decrease in the current and quick ratios and no effect on net income.