Voice Brand Security Corporation had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Voice Brand Security's current ratio?

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The Answer of Voice Brand Security Corporation had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Voice Brand Security's current ratio?

Voice Brand Security Corporation Had $250,000 of Current Assets and $90,000