Multiple Choice
Van Buren Company has a current ratio = 1.9. Which of the following actions will increase the company's current ratio?
A) Use cash to reduce short-term notes payable.
B) Use cash to reduce accounts payable.
C) Issue long-term bonds to repay short-term notes payable.
D) All of the answers above are correct.
E) Answers b and c are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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