A company has a current ratio of 31 at december 31 2014

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A company has a current ratio of 3:1 at December 31, 2014. Which of the following transactions would decrease this ratio?

  1. Pay an account payable.
  2. Sell bonds at a discount.
  3. Borrow cash by issuing a 90-day note payable.
  4. Issue stock for cash.

Reference no: EM13567788

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