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West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on t

West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on the amount of West Company's working capital?

    

No effect

   

$75,000 increase

   

$150,000 increase

   

$75,000 decrease                                        


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ompany had $375,000 of current assets and $150,000 of current liabi( & 0 attachments).
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