1. Other things held constant, an increase in a firm's accounts payable will increase the firm's current ratio. True False 2. Other things held constant, the more debt a firm uses, the lower its profit margin will be. True False 3. If a firm increases its sales while holding its accounts receivable constant, their DSO will most likely decline. True False 1. Other things held constant, an increase in a firm's accounts payable will increase the firm's current ratio. True False 2. Other things held constant, the more debt a firm uses, the lower its profit margin will be. True False 3. If a firm increases its sales while holding its accounts receivable constant, their DSO will most likely decline. True False