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A lending officer at ABC Bank has insisted that your firm improve the current ratio of 0.5 before the bank will consider a loan. Which
A lending officer at ABC Bank has insisted that your firm improve the current ratio of 0.5 before the bank will consider a loan. Which of the following actions would INCREASE the ratio?
Group of answer choices
A. Collecting some of the current accounts receivable
B. Paying off long-term debt.
C. Borrowing short-term bank loan for cash
D. Selling some of the existing inventory at cost
E. Using cash to pay off current liabilities
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