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QUESTION 17 Thames Manufacturing Plc had current assets of 62,5000 and 22,500 of current liabilities before borrowing 15,000 from the bank with a 3-month note

QUESTION 17

  1. Thames Manufacturing Plc had current assets of 62,5000 and 22,500 of current liabilities before borrowing 15,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Thames Manufacturing Plcs current ratio?

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