13. Determine the effect of the following transactions on the identified financial statement components and ratios. Code your answers as follows: A: If the transaction results in an increase in the financial statement component or ratio. B: If the transaction results in a decrease in the financial statement component or ratio. C: If the transaction does not affect the financial statement component or ratio. Transaction 1: A company acquired land by signing a long-term note payable Property, plant, and equipment Total asset turnover ratio Net profit margin ratio Return on assets ratio Transaction 2: Cash was used to pay a current liability Net income Total asset turnover ratio Net profit margin ratio Return on assets ratio