Henry Carr and Noreen Mason formed a partnership, dividing income as follows: annual salary allowance to Carr of $44,000; interest of 9% on each partner's capital balance on January 1; any remaining net income is divided equally. Carr and Mason had $69,000 and $161,000 in their January 1 capital balances, respectively. Net income for the year was $444,000. How much net income should be distributed to Carr

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.