Tefco, a computer processor manufacturing company, recently adopted a new fabrication process to manufacture microprocessors. the microprocessors made using this new process have higher computing power and clock speed than other processors available in the market. although the new process has made tefco the industry leader, there is a threat that competitors will be able to match this feat in the near future. it is evident that tefco has achieved

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.