Camp Corporation purchased $350 of merchandise on account. Required Explain the effect of the purchase on Camps

Question:

Camp purchased $350 of merchandise on account.
Required
Explain the effect of the purchase on Camp’s current ratio.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...