13 Homework Swed Help Save & E Check Indicate the effect of each of the following transactions on (1) the current ratio, (2) working capital, (3) stockholders' equity. (4) book value per share of common stock, and (5) retained earnings. Assume that the current ratio is greater than 11 (Indicate the effect of each transactions by selecting for increase, "-" for decrease, and "NC" for no change.) a. Collected account receivable, b. Wrote of account receivable. c. Converted a short-term note payable to a long-term note payable d. Purchased inventory on account e. Dedared cash dividend. f. Sold merchandise on account at a profit g. Issued stock dividend h. Paid account payable 1. Sold building at a loss Jook Telences Retained Current Working Stockholdiots' Ratio Capital Equity Book Value Earnings Id F 9 n MC LAW 4 of 4 3 NE O AD ENG 11/2 Search for anything