Ibsen Company rendered services and collected half of the invoice in Cash. The remaining balance is due at the end of the month. This transaction increases assets, liabilities and stockholder's equity. increases assets and liabilities; decreases stockholders' equity increases assets and stockholders' equity. has no effect on the basic accounting equation The current ratio is current assets divided by current liabilities. current assets minus current liabilities. current assets plus current liabilities. current assets times current liabilities