6. (a, b, c, d)

BSO, Inc. has current assets of $1,040,000 and current liabilities of $520,000. resulting in a current ratio of 2.0. Calculate the current ratio and determine whether it will increase, decrease, or remain the same, a. Purchased $30,000 of supplies on credit. Paid Accounts Payable in the amount of $60,000. c. Recorded $124,800 of cash contributed by a stockholder for common stock. d. Borrowed $270,000 from a local bank, to be repaid in 90 days