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

Question 1
Exercise 3-20 #11
Reclassification of a long term notes payable to a current notes payable
What effect on current ratio?
Assume the ratio is less than 1.0 before the action is taken.
Increase
Decrease
No change
What effect on current ratio?
Question 1 Exercise 3-20 #11 Reclassification of a long term notes

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