15 In the left-hand column, a series of independent transactions is listed. In the right-hand column, a series of ratios is listed. Required: For each transaction indicate whether the ratio will increase (1), decrease (D), or remain unchanged (N C). Assume all ratios are greater than 1:1 before each transaction where applicable. ( 1 Mark Each ) - 9 Marks Effect on ratio Transaction Declared a cash dividend Ratio Current ratio Accounts receivable collection period Wrote-off an uncollectible account receivable Purchased inventory on account Acid-test ratio Return on total assets Issued 10-year bonds to acquire property, plant, and equipment Issued additional shares for cash Debt to shareholders' equity ratio Earnings per share Declared a share dividend on common shares Purchased supplies on account Current ratio Paid a current creditor in full Acid-test ratio Paid an account payable Number of days of sales in inventory