Which of the following statements is correct? a. in the text, depreciation is regarded as a use of cash because it reduces fixed assets, which then must bereplaced. b. if a company uses some of its cash to pay off short-term debt, then its current ratio will always decline, given the way ratio is calculated, other things held constant. c. during a recession, it is reasonable to think that most companies inventory turnover ratios will changewhile their fixed asset turnover ratio will remain fairly constant. d. during a recession, we can be confident that most companies' dsos (or acps) will decline because their sales will probably decline. e. each of the above statements is false.