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Galad Corp. has current assets of $180,000 and current liabilities of $360,000. Which of the...

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Accounting

Galad Corp. has current assets of $180,000 and current liabilities of $360,000. Which of the following transactions would improve Galads current ratio? Refinancing a $60,000 long-term mortgage with a short-term note. Paying $40,000 of short-term accounts payable. Collecting $20,000 of short-term accounts receivable. Purchasing $100,000 of merchandise inventory with a short-term account payable.

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