14.2 Melissa SpA has current assets of EUR 90,000 and current liabilities of EUR 180,000.

Compute the effect of each of the following transactions on Melissa’s current ratio:

(a) Refinancing a EUR 30,000 long-term loan with a short-term loan.

(b) Purchasing EUR 50,000 of goods.

(c) Paying EUR 20,000 of trade payables.

(d) Collecting EUR 10,000 of trade receivables.