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Supposed a firm pays a $ 50,000trade credit obligation to a supplier in cash. A) what impact does this transaction haveon the firm current ratio if

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Supposed a firm pays a $ 50,000trade credit obligation to a supplier in cash. A) what impact does this transaction haveon the firm current ratio if the initial current ratio equal 1?

a) what impact does this transaction have in the firm’s current ratio if the intial current ratio is .1

b) what impact does this transaction have in the firm’s current ratio if the intial current ratio is .5?

C) what impact does this transaction have in the firm current ratio if the initial current ratio equal 1.7?

Need to show all the formula and all work how arrived to the answer.

 
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