QUESTION 22 A firm's new president wants to strengthen the company's financial position. Which of the following actions would make the company financially stronger? a. Increase notes payable while holding sales constant b. Increase accounts payable while holding sales constant. c. Increase inventories while holding sales constant. d. Increase accounts receivable while holding sales constant. e. Increase EBIT while holding sales and assets constant. QUESTION 23 Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. This action had no effect on the company's total assets or operating income. Which of the following effects occurred as a result of this action? O a. The company's times interest camed ratio decreased. b. The company's current ratio increased. c. The company's total debt to total capital ratio increased d. The company's equity multiplier increased. Oo. The company's basic earning power ratio increased