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Coronado Corporation had $ 321000 in current assets and $ 160000 in current liabilities before borrowing $ 90000 from the bank for a 6-month period.
Coronado Corporation had $ 321000 in current assets and $ 160000 in current liabilities before borrowing $ 90000 from the bank for a 6-month period. What effect did the borrowing transaction have on the amount of Coronados working capital?
Coronado Corporation had $ 321000 in current assets and $ 160000 in current liabilities before borrowing $ 90000 from the bank for a 6-month period. What effect did the borrowing transaction have on the amount of Coronado's working capital? O No effect O $ 90000 increase $ 160000 increase O $ 90000 decreaseStep by Step Solution
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