1. Based only on the following information for Ortiz Corp., did cash go up or down? By how much? Classify each event as a source or use of cash. Decrease in inventory $425 Decrease in accounts payable 230 Increase in notes payable 280 Increase in accounts receivable 290 2. What effect would the following actions have on a firm's current ratio? Assume that net working capital is positive. A. Inventory is purchased. B. A supplier is paid. C. A short-term bank loan is repaid. D. A long-term debt is paid off early. E. A customer pays off a credit account. F. Inventory is sold at cost. G. Inventory is sold for a profit