The shadow banking system refers to:
Non-bank financial firms that provide profit advice to hedge fund managers.
Non-bank financial firms that acted as insurance agents by buying and selling insurance in an effort to make a profit.
Non-bank financial firms that purchased government bonds.
The unregulated non-bank financial firms engaged in borrowing from investors and lending to households and firms.

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.