CFR Company sold equipment to ABC Company in exchange for a note receivable. The note charges 8% annually, and ABC is required to make quarterly payments of $800 over the next two years. What is the present value of the note receivable? (round to the nearest dollar) $1,427 $5,860 $6,400 $17,688If a company has a current ratio of 1.30, what effect will the decrease of cash by paying down short-term debt have on the ratio? Improve No effect O Worsen ()Cannot be determined