Question: A company had ( $ 1 0 4 0 0 0 ) of current assets and ( $ 6 5

A company had \(\$ 104000\) of current assets and \(\$ 65000\) of current liabilities before borrowing \(\$ 49000\) from the bank with a 3-month note payable. What effect did the borrowing transaction have on the company's current ratio?
The ratio decreased.
The ratio increased.
The ratio remained unchanged.
The change in the current ratio cannot be determined.
A company had \ ( \ $ 1 0 4 0 0 0 \ ) of current

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