Individual transactions often have a significant impact on ratios. This problem will consider the direction of such an impact.
| Total Don't use plagiarized sources. Get Your Custom Essay on individual transactions often have a significant impact on ratios this problem will 544350 For $10/Page 0nly | Total | Net | Current | |
| a. Cash is acquired through issuance of additional | _______ | _______ | _______ | _______ |
| b. Merchandise is sold for cash. (Assume a profit.) | _______ | _______ | _______ | _______ |
| c. A fixed asset is sold for more than book value. | _______ | _______ | _______ | _______ |
| d. Payment is made to trade creditors for previous | _______ | _______ | _______ | _______ |
| e. A cash dividend is declared and paid. | _______ | _______ | _______ | _______ |
| f. A stock dividend is declared and paid. | _______ | _______ | _______ | _______ |
| g. Cash is obtained through long-term bank loans. | _______ | _______ | _______ | _______ |
| h. A profitable firm increases its fixed assets depreciation allowance account. | _______ | _______ | _______ | _______ |
| i. Current operating expenses are paid. | _______ | _______ | _______ | _______ |
| j. Ten-year notes are issued to | _______ | _______ | _______ | _______ |
| k. Accounts receivable are collected. | _______ | _______ | _______ | _______ |
| l. Equipment is purchased with short-term notes. | _______ | _______ | _______ | _______ |
| m. Merchandise is purchased on credit. | _______ | _______ | _______ | _______ |
| n. The estimated taxes payable are increased. | _______ | _______ | _______ | _______ |
| o. Marketable securities are sold below cost. | _______ | _______ | _______ | _______ |
Required Indicate the effects of the transactions listed above on each of the following: total current assets, total current liabilities, net working capital, and current ratio. Use ??to indicate an increase, -?to indicate a decrease, and 0 to indicate no effect. Assume an initial current ratio of more than 1 to 1.
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