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| Depoole Company is a manufacturer of industrial products that uses a calendar year for financial reporting purposes. Assume that total quick assets exceeded total current liabilities both before and after the 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 by Depoole during the year. This transaction A. Decreased the quick ratio. B. Increased the quick ratio. C. Increased net working capital. D. Decreased the current ratio. |