Completion Status: Sage Co. has an acid test ratio of 0.7. Which of the following actions would improve the acid test ratio? Oa. Purchase inventory on account. Ob. Collect a portion of your A/R Oc. Use cash to pay down a portion of A/P. O d. Sell equipment for cash. QUESTION 2 Which of the following would explain a decrease in the A/R turnover ratio: O 1.A decrease in the number of days in our discount period offered to customers from 15 days to 10 days. 2.A increase in the number of days in our discount period offered to customers from 10 days to 15 days. 3. Creating stricter policies with respect to granting credit to customers. 4. None of the above. 1 points Save Ar