The latest quarterly financial reports for XYZ Company revealed the values for 3 financial ratios: Current Ratio = 0.75 Quick Ratio = 0.6 Equity Ratio = 0.25 In order to improve the firms financial health based on these three financial ratios, the companys management team has proposed the following 5 strategies for the current quarter. For each strategy, those lines from the Balance Sheet been affected are listed in the parentheses. Strategy 1: Purchase new equipment with cash (Cash and Equipment) Strategy 2: Purchase new equipment with a 6-month loan (Short-Term Liabilities and Equipment) Strategy 3: Reduce warehouse inventory level using Just-in-Time mechanism (Inventory) Strategy 4: Payback short-term loans with retained earnings (Short-Term Liabilities and Retained Earnings) Strategy 5: Raise capital (in cash) by issuing more common shares that will be used to pay for short-term debt (Cash, 'Short-Term Liabilities', and Common Shares) Identify two strategies that will improve all three ratios (Current, Quick and Equity Ratios).

a)Strategy 3 and Strategy 4

b)Strategy 1 and Strategy 4

c)Strategy 4 and Strategy 5

d)Strategy 1 and Strategy 5

e)Strategy 2 and Strategy 4