Question: Exercise 3 - 2 0 # 1 1 Reclassification of a long term notes payable to a current notes payable What effect on debt to

Exercise 3-20 #11
Reclassification of a long term notes payable to a current notes payable
What effect on debt to equity ratio?
Assume the ratio is less than 1.0 before the action is taken.
Increase
Decrease
No change
What effect on debt to equity ratio?
Exercise 3-20 #11 Reclassification of a long term notes payable to

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