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QUESTION 17 Thames Manufacturing Plc had current assets of 500,000 and 180,000 of current liabilities before borrowing 120 000 from the bank with a 3-month

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QUESTION 17 Thames Manufacturing Plc had current assets of 500,000 and 180,000 of current liabilities before borrowing 120 000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Thames Manufacturing Ple's current ratio? The change in the current ratio cannot be determined The ratio remained unchanged The ratio decreased The ratio increased

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