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financial statement analysis A company's current ratio is 1.5. If the company uses cash to retire notes payable due within one year, would this transaction

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A company's current ratio is 1.5. If the company uses cash to retire notes payable due within one year, would this transaction increase or decrease the current ratio and return on assets ratio? Select one: a Current ratio: Decrease; Return on assets: Increase b. Current ratio: Increase; Return on assets: Decrease C Current ratio: Decrease, Return on assets: Decrease d. Current ratio: Increase; Return on assets: Increase

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