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Concord had a current ratio of 0 . 9 : 1 before borrowing $ 5 7 0 0 0 from the bank with a short
Concord had a current ratio of : before borrowing $ from the bank with a shortterm note payable. What effect did the
borrowing transaction have on Concord's current ratio?
The ratio decreased.
The ratio increased.
The ratio remained unchanged.
Cannot be determined.
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