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What effect would the transactions have on the firm

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Problem 1: Barnaby Cartage Company has current assets of $800,000 and current liabilities of$500,000. What effect would the following transactions have on the firm's current ratio(and state the resulting figures)?

a. Two new trucks are purchased for a total of $100,000 in cash.

b. The company borrows $100,000 short term to carry an increase in receivables of thesame amount.

Reference no: EM132660157

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