Multiple Choice
Morrow Company currently has a current ratio of 1.1.The company decides to borrow $1,000,000 from First National Bank for a period of six months.After the borrowing Morrow's current ratio will be
A) greater than 1.1
B) 1.1
C) less than 1.1
D) unable to determine with out more information
Correct Answer:
Verified
Correct Answer:
Verified
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