Landry Company reported these rations at December 31, 2016 (dollar amounts in millions):

Landry Company completed these transactions during 2017:
a. Purchased equipment on account, $7
b. Paid long-term debt, $10
c. Collected cash from customers in advance, $5
d. Accrued interest expense, $6
e. Made cash sales, $8
Determine whether each transaction improved or hurt Landry's current ratio and debt ratio.

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$20 $10 Current ratio = =2.00 $20 $50 Debt ratio 0.40