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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 current ratio?
Exercise #
Reclassification of a long term notes payable to a current notes payable
What effect on current ratio?
What effect on quick ratio?
What effect on debt to equity ratio?
Assume each ratio is less than before the action is taken.
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