Which of the following is not correct? a) Factoring without recourse reduces an existing current ratio that is >1.

b) Factoring with recourse creates a liability on the balance sheet.

c) Factoring with recourse negatively impacts working capital.

d) Factoring with recourse reduces an existing current ratio that is >1.

Which of the following is correct? a) Factoring without recourse reduces an existing current ratio that is >1.

b) Factoring without recourse creates a receivable on the balance sheet.

c) Factoring without recourse creates a liability on the balance sheet.

d) Factoring with recourse negatively impacts working capital.