During $2020,$ Twitter, Inc. $($NYSE: TWTR$)$ will be issuing $($approximately$)$ $$600$ million of unsecured notes that will be due in $2027.$ Assume that on the day immediately before the note issuance, Twitter has assets of $$10,500$ million and liabilities of $$3,370$ million.

Questions

$1.$ Will the notes be classified as assets or liabilities on Twitter$$s balance sheet? Will these notes be Notes Receivable or Notes Payable?

$2.$ When Twitter issues these notes in $2020,$ will the notes be classified as current or long$-$term??

$3.$ On the day that these notes are issued, will Twitter$$s current ratio be impacted? If so$,$ will it increase or decrease?

$4.$ Calculate Twitter$$s debt ratio before and after the notes issuance, using the assumed balances given in the story. Will Twitter$$s debt ratio increase, decrease, or remain the same after the note issuance?