Question: IBM Corporation's current ratio is 0.5, while Apple Inc.'s current ratio is 1.5. Both firms want to window dress their coming end-of-year financial statements. As

IBM Corporation's current ratio is 0.5, while Apple Inc.'s current ratio is 1.5. Both firms want to "window dress" their coming end-of-year financial statements. As part of their window dressing strategy, each firm will double its current liabilities by adding short-term debt and placing the funds obtained in the cash account. Which of the statements below best describes the actual results of these transactions?

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