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Mork and Mindy firms current ratio is 2.5. Considered alone, which of the following actions would reduce the companys current ratio? A)Borrow using short-term notes
Mork and Mindy firms current ratio is 2.5. Considered alone, which of the following actions would reduce the companys current ratio?
A)Borrow using short-term notes payable and use the proceeds to reduce accruals.
B)Borrow using short-term notes payable and use the proceeds to reduce long-term debt.
C)Use cash to reduce accruals.
D)Use cash to reduce short-term notes payable.
E)Use cash to reduce accounts payable.
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