A company raises short term loan and uses it by long term assets. Combined effect of these two transactions will be
1. Deterioration of both TOL/TNW ratio and current ratio
2. Deterioration in current ratio,No change in TOL/TNW
3. Deterioration in TOL/TNW, but no change in Current in Current ratio
4. None of these
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they will be deterioration in TOL/TNW,but no change in current in current ratioe
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Answer:
none of these option 4 option 4
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