1. What effect would the following actions have on a firm’s

in /by

1. What effect would the following actions have on a firm’s

1. What effect would the following actions have on a firm’s current ratio? Assume that new working capital is positive.
a. A short term bank loan is repaid.b. A long-term debt is paid off early.
For a, would the current ratio move away from 1. 
For b, would the current ratio be unaffected because the long-term debt is not factored into the current ratio, just current liabilities.
 
 

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