Amram Company's current ratio is 1.9.Considered alone,which action would reduce the company's current ratio?
A) 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
C) use cash to reduce short-term notes payable
D) use cash to reduce accounts payable
Correct Answer:
Verified
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