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BSO, Incorporated, has current assets of $1,000,000 and current liabilities of $500,000, resulting in a current ratio of 2.0. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (d), independent of the others, -32:17 a. Purchased $20,000 of supplies on credit. b. Pald 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. Sok ences Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Purchased $20,000 of supplies on credit. Current Ratio Effect Numerator Denominator Required Required B >