Question: If a company converts a short-term note payable into a long-term note payable, this transaction would: A) Decrease working capital and increase the current ratio

If a company converts a short-term note payable into a long-term note payable, this transaction would:

A)

Decrease working capital and increase the current ratio
B) Decrease working capital and decrease the current ratio
C) Decrease the current ratio and decrease the acid-test ratio
D) Increase working capital and increase the current ratio

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