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Pepsi Corporation's current ratio is 1.25, while Coke Company's current ratio is 0.75.Both firms will attempt to window dress their coming end-of-year financial statements.As part
Pepsi Corporation's current ratio is 1.25, while Coke Company's current ratio is 0.75.Both firms will attempt to "window dress" their coming end-of-year financial statements.As part of their window dressing strategy, Pepsi will triple its current liabilities by adding short-term debt and placing the funds obtained in the cash account. Coke will double its total liabilities by adding long-term debt and placing the funds obtained in the cash account. Which of the statements below best describes the actual results of these transactions?
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