Winslet Limited is consistently profitable. Winslet's normal financial statement relationships are as follows:

Additional information:
1. Winslet declared, but did not pay, a cash dividend.
2. Customers returned invoiced goods for which they had not paid.
3. Accounts payable were paid on the last day of the financial year.
4. Winslet decided to revalue land it had purchased many years previously.
5. Early in the financial year, Winslet increased the selling price of one of its products that had a demand in excess of capacity. The number of units sold last year and this year was identical.
For each of the above transactions or events, determine the effect on each of the ratios in the table above (increase, decrease, no effect).

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Current ratio Inventory turnover Debt-to-assets ratio 3 times 4 times 0.5 times