A lending officer at C Bank has insisted that your firm improve the current ratio of 0.8 before the bank will consider a loan. Which of the following actions would INCREASE the ratio? Group of answer...


A lending officer at C Bank has insisted that your firm improve the current ratio of 0.8 before the bank will consider a loan. Which of the following actions would INCREASE the ratio?

Group of answer choices:



Selling some of the existing inventory at cost



Using cash to pay off current liabilities



Borrowing long-term debt to pay off short-term bank loan



Paying off long-term debt.



Collecting some of the current accounts receivable




Jun 08, 2022
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