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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
Armbrust Corporation is the maker of fine fitness equipment. Armbrust’s bank has been pressuring the firm to improve its liquidity. Which of the following actions proposed by the CFO do you believe will actually achieve this objective? Why or why not?
a. Sell new equity and use the proceeds to purchase a new plant site.Â
b. Use cash and marketable securities to pay off short-term bank borrowings and accounts payable.
c. Borrow long-term and use the proceeds to pay off short-term debt.
d. Sell surplus fixed assets and invest the proceeds in marketable securities
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