QUESTION 30 A firm's new president wants to strengthen the company's financial position. Which of the following actions would make it financially stronger? a. Increase accounts receivable while holding sales constant b. Increase EBIT while holding sales and assets constant Oc. Increase accounts payable while holding sales constant, O d. Increase notes payable white holding sales constant, o e. Increase inventories while holding sales constant W QUESTION 31 North Fork Company's current ratio is 2.0. Considered alone, which of the following actions would lower the current ratio? . 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. Use cash to reduce accruals. d. Use cash to reduce short-term notes payable We Use cash to reduce accounts payable