Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio?

a. use cash to repurchase some of the company's own stock.
b. use cash to increase inventory holdings.
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 and then use some of the proceeds to purchase additional inventory and hold the remainder as cash.
e. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.