3 17.1. Modern Medical Devices 4 a. items given Current ratio0.5 Improve Current Current Current CR? Liabilitie: Ratio Why? Which of the following actions would improve (i.e increase) this Assets 1. Use cash to pay off current liabilities 2. Collect some of the current accounts receivable 3. Use cash to pay off some long-term debt 4. Purchase inventory on credit (accounts payable) 5. Sell some of the existing inventory at cost YES/NO/NC b. items givern Current ratio 1.2 Improve Current Current Current CR? Liabilitie: Ratio Which of the actions above would improve (increase) this ratio? Assets 1. Use cash to pay off current liabilities 2. Collect some of the current accounts receivable 3. Use cash to pay off some long-term debt 4. Purchase inventory on credit (accounts payable) 5. Sell some of the existing inventory at cost YES/NO Why