FedEx earns service revenue of $500,000. How does this transaction affect FedEx’s ratios?
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FedEx earns service revenue of $500,000. How does this transaction affect FedEx’s ratios?
a. Hurts the current ratio and improves the debt ratio.
b. Hurts both ratios.
c. Improves both ratios.
d. Improves the current ratio and doesn’t affect the debit ratio.
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