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Exercise 3 - 2 0 # 1 1 Reclassification of a long term notes payable to a current notes payable What effect on debt to

Exercise

3 - 20

11

Reclassification of a long term notes payable to a current notes payable

What effect on debt to equity ratio?

Assume the ratio is less than

1.0

before the action is taken.

Increase

Decrease

No change

What effect on debt to equity ratio?

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