The president of Ruskin Inc. (Ruskin) wants to know the effect a number of transactions and economic
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Debt-to Interest Return equity Current Cash from ratio on Ratio/amount before taking the transaction/economic event into account operations assets $3,500,000 8.5% ratio ratio 0.75:1 0.85 5.2 a. Ruskin signed a contract in January 2017 to purchase raw materials beginning in fiscal 2018 at an agreed-to price b. Ruskin provided services to a customer that had been paid for in the previous fiscal year c. Ruskin made its annual contribution to its defined-contribution pension plan in April 2017 d. In March 2017, Ruskin repaid a bond that was classified as the current portion of long-term debt. e. In November 2016, Ruskin paid $1,000,000 to settle a lawsuit that was launched three years ago. The amount owed had been accrued as a current liability earlier
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