Lincoln Industries' current ratio is 0.5. Considered alone, which of the following actions would increase the company's
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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. |
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