Select the answer(s) which is(are) most correct?
I. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its current ratio must rise.
II. If a company increases its current liabilities by $1,000 and simultaneously increases its inventories by $1,000, its quick ratio must fall.
III. A company's quick ratio may never exceed its current ratio.
Select one:
a. I & III only
b. II & III only
c. Ill only
d. I only
e. Il only
