32. International Appliances Inc. has a current ratio of 0.5. Which of the following actions would improve (increase) this ratio? a. Collect some of the current accounts receivable. . Purchase additional inventory on credit (accounts payable) . Sell some of the existing inventory at cost. b c d. Use cash to Dav off some long-term debt e. Use cash to pay off current liabilities i. * *This question is best analyzed using numbers. For example, assume current assets equal $50 and current liabilities equal $100. Assume a $10 purchase of inventory is made on credit (accounts payable). The new current ratio would be $60/$110 = 0.55, which is an increase over the old current ratio of 0.5