when conducting a financial 17.8 Regardless of the por businesses use the same set of ratios when conductin statement analysis? Explain your answer. 179 What are key performance indicators (KPIS)? What i rs (KPIS)? What is a dashboard Problems 17.1 a. Modern Medical Devices has a current ratio of 0.5. Which following actions would improve (i.e., increase) this ratio? Use cash to pay off current liabilities. Collect some of the current accounts receivable. Use cash to pay off some long-term debt. Purchase additional inventory on credit i.e., accounts payable). 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? 17.2 Southwest Physicians, a medical group practice, is just being formed. It will need $2 million of total assets to generate $3 million in revenues. Furtherman