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Nord Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $70,000 from the bank with a...

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Nord Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $70,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Nord Company's current ratio?

 

Paper#74161 | Written in 18-Jul-2015

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