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| Depoole Company is a manufacturer of industrial products and employs a calendar year for financial reporting purposes. 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. Obsolete inventory of $125,000 was written off during the year. This transaction A. Decreased the current ratio. B. Decreased the quick ratio. C. Increased net working capital. D. Increased the quick ratio. |