A company has current assets of $475000 and current liabilities of $325000. For each action...
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Accounting
A company has current assets of $475000 and current liabilities of $325000. For each action on the right, indicate the effect on the current ration ( Increase, decrease, or no change). Analyze each action indenpendently of the others. 
The company uses cash to pre-pay a bank loan that is not due for two years. The company collects cash from outstanding accounts receivable. The company recognizes insurance expense from a prepaid insurance asset. The company receives cash from issuing new shares of stock. The company pays $10,000 for an insurance policy that takes effect next month. A. No change. B. Decrease. C. Increase
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