Question: Farrow Co . is applying for a loan in which the bank requires a quick ratio of at least 1 . Farrow s quick ratio

Farrow Co. is applying for a loan in which the bank requires a quick ratio of at least 1. Farrows quick ratio is 0.8. Which of the following actions would increase Farrows quick ratio?
Selling obsolete inventory at a loss.
Paying an existing account payable.
Purchasing inventory through the issuance of a long-term note.
Implementing stronger procedures to collect accounts receivable at a faster rate.

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