What is the effect of the loan on current ratio, Financial Accounting

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What is the effect of the loan on current ratio

Response to the following problem:

Good place Hospital has a current ratio of 2 to 1 on June 30, 20X1. On July 1, 20X1, the hospital obtains a $150,000 short-term loan from a local bank.

Required: What is the effect of the loan on the (1) current ratio, (2) quick ratio, and (3) working capital?

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Financial Accounting: What is the effect of the loan on current ratio

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Financial Accounting: What is the effect of the loan on current ratio

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