13 1a Mercy Hospital has a current ratio of 0 5 Which of the following actions would improve (increase) this ratio Use cash to pay off current liabilities Collect some ofthe current accounts receivable Use cash to pay off some long term debt Purchase additional inventory on credit Sell some of the ...

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13.1a. Mercy Hospital has a current ratio of 0.5. Which of the following actions would improve (increase)

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13.1a. Mercy Hospital has a current ratio of 0.5. Which of the following actions would improve (increase) this ratio?

Use cash to pay off current liabilities.
Collect some ofthe current accounts receivable.
Use cash to pay off some long-term debt
Purchase additional inventory on credit.
Sell some of the existing inventory at cost.

13.1b. Now assume that mercy hospital has a current ratio of 1. In this situation, which of the above actions would improve this ratio?

Posted Date: Jun 06, 2024 01:17 PM

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13.1a. Mercy Hospital has a current ratio of 0.5. Which of the following actions would improve (increase)

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