Which of the following transactions would decrease total current assets, increase the current ratio, and have no effect on net income? Borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. Federal income tax due for previous year is paid. Use cash to repurchase some of the company's own stock. Marketable securities are sold below cost. Barcelona Travel Inc. took out a 2-year loan in late December. Because the loan is for more than 1 year in length, it is not included in current liabilities even though the cash received from the loan is reported as a current asset. This results in improving current and quick ratios and a stronger looking year-end balance sheet. This action taken by Barcelona is an example of: window dressing. trend analysis. percent change analysis. benchmarking