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Amram Company's current ratio is 1.9. Considered alone, which of the following actions would reduce the company's current ratio? Use cash to reduce accounts payable.
Amram Company's current ratio is 1.9. Considered alone, which of the following actions would reduce the company's current ratio?
Use cash to reduce accounts payable. | ||
Borrow using short-term notes payable and use the proceeds to reduce accruals. | ||
Borrow using short-term notes payable and use the proceeds to reduce long-term debt. | ||
Use cash to reduce accruals. | ||
Use cash to reduce short-term notes payable. |
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