Question
If a company converts a short-term note payable into a long-term note payable, this transaction would a. Decrease working capital and increase the current ratio
If a company converts a short-term note payable into a long-term note payable, this transaction would a. Decrease working capital and increase the current ratio b. Decrease working capital and decrease the current ratio c. Decrease the current ratio and decrease the acid-test ratio d. Increase working capital and increase the current ratio
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
5th Edition
1264467206, 978-1264467204
