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Transactions: 1. A Company pays $5,000 previously owed to one of its suppliers; 2. A Company borrows $1 million Long-Term and invest the proceeds in
Transactions: 1. A Company pays $5,000 previously owed to one of its suppliers; 2. A Company borrows $1 million Long-Term and invest the proceeds in Inventory; Indicate how the given transactions (1 and 2) would effect: (a) Cash; (b) Working Capital; (c) Current Ratio; (d) Quick Ratio
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