Question: Jacy's, Inc. has a current ratio equal to 1.2. Which of the following transactions will increase the company's current ratio? The company collects $500,000 of

Jacy's, Inc. has a current ratio equal to 1.2. Which of the following transactions will increase the company's current ratio?

The company collects $500,000 of its accounts receivable.

The company sells $1 million of inventory on credit.

The company pays back $50,000 of its long-term debt.

The company writes a $30,000 check to pay off some existing accounts payable.

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