A ($ 200) million bond issue of NDP Corp. (a liquid company) recently matured. The entire maturity
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A \(\$ 200\) million bond issue of NDP Corp. (a liquid company) recently matured. The entire maturity value was paid from a bond sinking fund. What effect did this transaction have on the company's current ratio? On its debt ratio? Explain.
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Related Book For
Financial & Managerial Accounting
ISBN: 9780073526997
15th Edition
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
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