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

Critical-Thinking-Analysis-
March 4, 2021
Vulnerability Assessment- Phyllis Young
March 4, 2021

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

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?

 
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