17.1 a. Modern Medical Devices has a current ratio of 0.5. Which of the following actions would improve (i.e., increase) this ratio? Use cash to pay off current liabilities. Collect some of the current accounts receivable. Use cash to pay off some long-term debt. Purchase additional inventory on credit (i.e., accounts payable). Sell some of the existing inventory at cost. b. Assume that the company has a current ratio of 1.2. Now which of the above actions would improve this ratio