A company had a current ratio of 1.4 and a debt-to-assets ratio of 0.57. If the company borrowed $100 of cash by issuing a $100 long-term note payable, what would be the effect on the current ratio and debt-to-assets ratio? Current ratio - increase; Debt-to-assets ratio - increase. Current ratio - decrease; Debt-to-assets ratio - increase. Current ratio- no effect; Debt-to-assets ratio - decrease. Current ratio - increase; Debt-to-assets ratio - no effect.