For each of the actions listed below, determine what would happen to the current ratio. Assume nothing else on the balance sheet changes and that net working capital is positive. (LG1)

a. Accounts receivable are paid in cash

b. Notes payable are paid off with cash

c. Inventory is sold on account

d. Inventory is purchased on account

e. Accrued wages and taxes increase

f. Long-term debt is paid with cash g. Cash from a short-term bank loan is received