Alp Corporation engaged in the transactions listed in the first column of the following table. Opposite each transaction is a ratio and space to indicate the effect of each transaction on the ratio.

Required Place an X in the appropriate column to show whether the transaction increased, decreased, or had no effect on the indicated ratio.

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Transaction a. Issued common stock for cash. b. Borrowed cash by issuing a note payable. c. Purchase merchandise for cash. d. Pay salary expense. e. Sold equipment for cash. f. Sold merchandise on account. g. Paid current portion of long-term debt. h. Issued stock dividend. i. Issued bonds payable. j. Accrued salaries. k. Declared cash dividend. 1. Sold treasury stock. m. Recorded depreciation for the year. Ratio Asset turnover Debt to equity ratio Current ratio Inventory turnover Receivable turnover Quick ratio Return on assets Current ratio Asset turnover Current ratio Current ratio Profit margin Cash flow yield Increase Effect Decrease None