P17.1 17.1 a. Modern Medical Devices has a current ratio of 0.5. Which of the following actions would improve (i.e., increase) this ratio? . Use cash to pay off current liabilities. Collect some of the current accounts receivable. e Use cash to pay off some long-term debt. . Purchase additional inventory on credit (i.c., accounts payable). e Sell some of the existing inventory at cost. b. Assume that the company has a current ratio of 1.2. Now which of the above actions would improve this ratio