21. Considered alone, which of the following would increase a company's current ratio? a. An increase in net fixed assets. b. An increase in accruod liabilities. c. An increase in notes payable. d. An increase in accounts receivable. c. An increase in accounts payable. 22. Compunies E and P cach reported the same eamings per share (EPS), but Company E's stock trades at a higher price. Which of the following statements is CORRECT? a. Company E probably has fewer growth opportunities. b. Company E is probably judged by investors to be riskicr. c. Company E must have a higher market-to-book ratio. d. Company E must pay a lower dividend. e. Company E trades at a higher P/E ratio. 23. A firm's new president wants to strengthen the company's financial position. Which of the following actions would make it financially stronger? a. Inerease accounts receivable while holding sales constant. b. Increase EBIT while holding sales and assets constant. c. Increase total assets while holding sales constant. d. Decrease net income while holding sales constant. c. Increase inventories while holding sales constant