prepare paperwork is known as: A line of credit Commercial Paper A debt covenant Working capital QUESTIONS 10 points Save Answer Assuming a current ratio of 1.0 and an acid-test ratio of 0.80, how will the borrowing of cash by issuing a six- month note payable affect each ratio Increase the current ratio and increase the acid-test ratio. No change to the current ratio and increase the acid-test ratio. Decrease the current ratio and decrease the acid-test ratio. Decrease the current ratio and increase the acid-test ratio. QUESTION 9 10 points Save Answer Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will an increase in accounts receivable affect each ratio? No change to the current ratio and decrease the acid-test ratio. Increase the current ratio and increase the acid-test ratio. Decrease the current ratio and decrease the acid-test ratio. Decrease the current ratio and increase the acid-test ratio. QUESTION 10 10 points Saved Assuming a current ratio of 1 2 and an arid-test ratio of 1.80. how will the purchase of inventory with cash affect each ratin? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit