None of these answer choices are correct 60% 100% 40% 2 pts Question 53 Nord Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $70.000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on the amount of Nord Company's working capital? $70,000 decrease $140,000 increase $70,000 increase No effect 2 pts Question 54 The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assets Cash and short-term investments S45.000 Accounts receivable (net) 30.000 00