Indicate the effect that each transaction/event llisted here will have on the financial ratio included with it. Assume that the current assets exceed the current liabilities in all cases, both before and after the transaction/event. Use either ?A.) Decrease or B.) Increase
Selling inventory for cash, at a profit, would cause a(n) _________ in Inventory Turnover
Selling land at a gain would cause a(n) _______________ to Return on Investment
Accruing wages that have been earned by employees would cause a(n) _____________ in the Current Ratio.
Purchasing equipment for cash would cause a(n) _____________ to the Plant and Equipment Turnover.
Purchasing treasury stock for cash would cause a(n) _____________ in the Debt/Equity Ratio.