Question: 9 1 points Save Answer A firm had Liabilities to Assets Ratio less than 1.0. The firm issued short-term debt and used the cash proceeds

 9 1 points Save Answer A firm had Liabilities to Assets

9 1 points Save Answer A firm had Liabilities to Assets Ratio less than 1.0. The firm issued short-term debt and used the cash proceeds to repay long-term debt What is the effect on Liabilities to Assets Ratio A. Increases a. none of above is correct c. Decreases D. has no effect

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