17 What does it mean when a company has a current ratio of 0.99 o The company needs an additional 90% in liquidity to pay its long-term debts The company has enough liquidity to pay 90% of ils short-term debts The company has 90% in excess liquidity after paying its long-term debts The company needs an additional 90% in liquidity to pay its short-term debts. 18 A company's sales this year and last year are identical Given this fact, what would cause a 2.7% increase in accounts receivable as a percentage of sales? The company has collected less in receivables than the year before The company has produced more inventory than the year before The company has produced less inventory than the year before The company has collected more in receivables than the year before