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Listed below are two transactions recorded by Q7j-n9u Company. Indicate the immediate effect of each transaction on Q7j-n9u Company's working capital and current ratio. Assume
Listed below are two transactions recorded by Q7j-n9u Company. Indicate the immediate effect of each transaction on Q7j-n9u Company's working capital and current ratio. Assume the working capital is negative and the current ratio is less than 1.0 before the transaction. Consider each transaction independently. Select your answer by clicking in the drop down box to the right of each transaction. paid for a two-year insurance policy purchased inventory with a 6-month note payable [Choose ] working capital decrease;"Current ratio decrease working capital decrease; current ratio increase working capital increase; current ratio decrease working capital no effect; current ratio increase working capital no effect; current ratio decrease working capital increase; current ratio increase working capital no effect; current ratio no effect
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