Current ratio of a company is 3:1 state giving reasons ,which of the following would improve reduce or not change the ratio:
(i) Declaration of a final divident,
(ii) Issue of bonus hsares out of profits,
(iii) Bills receivable endorsed in favour of a creditor,
(iv) Endorsed bill dishonoured,
(v) Bills receivable dishonoured at maturiry,
(vi) Bills payable acccepted for 3 months,
(vii) Bills payable paid at maturirty,
(viii) Redemption of preference shares out of proceeds from fresh issue of shares of equal amount, and
(ix) Debentures converted into Equity shares

Explanation