8 Question 21 Answer saved Solved: 1 The Net Los Accounts Re Treasury Stc Increased B NRV Company had $375,000 of current assets, $450,000 of total liabilities, and $150,000 of current liabilities before borrowing $70,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on NRV Company's current ratio? Marked out of 2.50 | 15 | 16 Remove flag 19 120 Select one: O a. The ratio increased. b. The ratio decreased. www.chegg.c 1. The Ne The net incom Depreciation Increased By Decreased B 23 | 24 27 28 This cannot be determined from the provided information d. The ratio remained unchanged (no effect). 31 32 cramberry.net Accountin O 36 P]