Garstka Auto Parts must increase its acid test ratio above the current 0.9 level in order to comply with the terms of a loan agreement. Which one of the following actions is most likely to produce the desired results?
a. Expediting collection of accounts receivable.
b. Selling auto parts on account.
c. Making a payment to trade accounts payable.
d. Purchasing marketable securities for cash.
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Morgan Greenleaf
Social Media & Marketing Product Specialist
IMA
Montvale NJ
United States
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