Multiple Choice
Lincoln Industries' current ratio is 0.5. Considered alone, which of the following actions would increase the company's current ratio?
A) use cash to reduce long-term bonds outstanding.
B) borrow using short-term notes payable and use the cash to increase inventories.
C) use cash to reduce accruals.
D) use cash to reduce accounts payable.
E) use cash to reduce short-term notes payable.
Correct Answer:

Verified
Correct Answer:
Verified
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