Business, 20.07.2021 04:40 salinae

West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on West Company's current ratio? Select one: a. The change in the current ratio cannot be determined. b. The ratio decreased. c. The ratio increased. d. The ratio remained unchanged.

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West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75...

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