Chapter 2 Homework Saved Help Save & ExitSubmit Check my work 8 BSO, Inc, has current assets of $1,000,000 and current liabilities of $500,000, resulting in a current ratio of 2.0 Cdeenideht crihenoenInres eease, oremain the same Cosder ach bem (a- rease, decrease, or remain the same. Consider each item, (a-(c) points a. Purchased $20,000 of supplies on credit ellock b. Paid Accounts Payable in the amount of $50.000. c. Recorded $100,000 of cash contributed by a stockholder for common stock d Borrowed $250,000 from a local bank, to be repald in 90 days Print Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Purchased $20,000 of supplies on credit Numerator Denominator Chapter 2 Homework Saved Help Save & Ex Chec 8 Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Consider each item, (a-(d) independent of the others. a. Purchased $20,000 of supplies on credit. b. Paid Accounts Payable in the amount of $50,000. C. Recorded $100,000 of cash contributed by a stockholder for common stock. d. Borrowed $250,000 from a local bank, to be repaid in 90 days. points eBook Print References Complete this question by entering your answers in the tabs below Required ARequired BRequired C Required D Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Paid Accounts Payable in the amount of $50,000. Current Ratio Effect Numerator Denominator Required A Required C>