Question

American Enterprise Company's total current assets were $12,000 and its total current liabilities were $4,000. If American Enterprise issues a short-term note to a bank for $2,000 cash Multiple Choice American Enterprise's total working capital will increase while its current ratio will decrease. American Enterprise's total working capital will increase and its current ratio will increase. American Enterprise's total working capital will remain constant while its current ratio will decrease. American Enterprise's total working capital will decrease while its current ratio will increase.

Answer 1

Answer:

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