Question 7 (5 points) If a company converts a short-term note payable into a long-term note payable, this transaction would O decrease working capital and decrease the current ratio. increase working capital and increase the current ratio. decrease the current ratio and decrease the acid-test ratio. O decrease working capital and increase the current ratio.

Question 7 ( 5 points) If a company converts a short-term note payable into a long-term note payable, this transaction would decrease working capital and decrease the current ratio. increase working capital and increase the current ratio. decrease the current ratio and decrease the acid-test ratio. decrease working capital and increase the current ratio