Swanson Company Had $250,000 of Current Assets and $90,000 of Current

question 46

Multiple Choice

Swanson Company had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month note payable.What effect did the borrowing transaction have on Swanson Company's current ratio?

• A) The ratio remained unchanged.
• B) The change in the current ratio cannot be determined.
• C) The ratio decreased.
• D) The ratio increased.

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Definitions:

Legally Questionable

Actions or situations that are uncertain or dubious in terms of their legality, potentially violating laws or regulations.

Nursing Diagnoses

Nursing diagnoses are clinical judgments about individual, family, or community experiences/responses to actual or potential health problems/life processes.

Diagnostic Reasoning

The process used by healthcare professionals to interpret data and identify patient problems to arrive at a diagnosis.

Client's Response

The reactions or feedback provided by a client or patient in reaction to a treatment plan, medication, or therapy.