Today's Fashions has a debt that has been properly (1. reported as a long-term liability up to the present year (2020). Some of this debt comes due in 2020. If Today's Fashions continues to report the current position as a long-term liability, the effect will be to do which of the following?

a. Overstate the current ratio

b. Overstate net income

c. Understate total liabilities

d. Understate the debt ratio