Pearce Enterprises reported the following information for the past year of operations:

For each transaction, indicate whether the ratio will (I) increase, (D) decrease, or (N) have no effect.

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Transaction Recorded credit sales of $9,000 a. b. Collected $4,000 owed from customers C. Purchased $28,000 of equipment on d. e. f. long-term credit Purchased $16,000 of equipment for cash Paid $10,000 of wages with cash Recorded utility bill of $1,750 that has not been paid Free Cash Flow Operating-Cash- Flow-to-Current- $250,000 Liabilities Ratio 1.0 times Operating-Cash- Flow-to-Capital- Expenditures Ratio 3.0 times