Business, 02.10.2019 22:00 sashllely6112

Emerald corporation's current ratio is 0.5, while ruby (emerald's competitor) company's current ratio is 1.5. both firms want to "window dress" their coming end-of-year financial statements. as part of their window dressing strategy, each firm will double its current liabilities by adding short-term debt and placing the funds obtained in the cash account. which of the statements below best describes the actual results of these transactions?

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