Ed's Drive-In had $186000 of current assets and $86000 of current liabilities before borrowing $62000...
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Accounting
Ed's Drive-In had $186000 of current assets and $86000 of current liabilities before borrowing $62000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Ed's Drive-In's current ratio? The ratio decreased. The ratio increased. The ratio remained unchanged. The change in the current ratio cannot be determined
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