QUESTION 11 Amram Company's current ratio is 2.0. Considered alone, which of the following actions would lower the current ratio? a. Borrow using short-term notes payable and use the proceeds to reduce accruals. b. Use cash to reduce short-term notes payable. c. Borrow using short-term notes payable and use the proceeds to reduce long-term debt. d. Use cash to reduce accounts payable. e. Use cash to reduce accruals. QUESTION 12 Determining whether a firm's financial position is improving or deteriorating requires analyzing more than the ratios for a given year. Trend analysis is one method of examining changes in a firm's performance over time. True False