Exercise n3. 3pts BSO, Ino., has current assets of $1,000,000 and current liabilities of $500,000, resulting in a current ratio of 2.0. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Consider each item, (a)-(d), Independent of the others. 2. Purchased $20,000 of supplies on credit, b. Paid Accounts Payable in the amount of $50,000. 0. Recorded $100,000 of cash contributed by a stockholder for common stock. d. Borrowed $250,000 from a local bank, to be repaid in 90 days