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Coronado had a current ratio of 0.84:1 before borrowing $46000 from the bank with a short-term note payable. What effect did the borrowing transaction have

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Coronado had a current ratio of 0.84:1 before borrowing $46000 from the bank with a short-term note payable. What effect did the borrowing transaction have on Coronado's current ratio? The ratio decreased. The ratio increased O Cannot be determined. The ratio remained unchanged. eTextbook and Media Save for Later Attempts: 1 of 3 used Submit

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