Question: If the maximum debt/equity ratio as specified by a debt covenant is close to being violated, which of the following actions would help avoid a

If the maximum debt/equity ratio as specified by a debt covenant

If the maximum debt/equity ratio as specified by a debt covenant is close to being violated, which of the following actions would help avoid a violation of the covenant? Acquire money by selling land at its balance sheet value None of these options would decrease the debt/equity ratio Purchase long-term investments Exchange bonds payable for common stock Increase current cash dividends declared

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