Elaine wants to buy and operate an ice-cream truck but doesn’t have the financial resources to start the business. she borrows $10,000 from her friend george, to whom she promises an interest rate of 7 percent, and gets another $20,000 from her friend jerry, to whom she promises a third of her profits. what best describes this situation?

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.