4. Which one of the following transactions decreases the Current Ratio? An Collecting an account receivable B. Borrowing money from the bank giving a 90-day interest-bearing note payable C. Paying off a 60-day note payable to the bank D. Selling merchandise at a profit 5. The payment of a current liability, such as Payroll Taxes Payable, will A. increase the current ratio but have no effect on the working capital B. increase the Working Capital, but have no effect on the current ratio C. decrease both the current ratio and working capital D. increase both the current ratio and working capital 6. During the year 2015, the Ramp Equipment Co. made sales to customers totaling $100,000 that were subject to sales taxes of $8,000. Net cash collections totaled $92,000. Discounts of $3,000 were allowed. During the year 2015 , uncollectible accounts in the sum of $2,000 were written off the books. The net change in accounts receivable during the year 2015 was A. $10,500 B. $11,000 C. $13,000 D. $13,500 The Grable Co. received a $6,000,8%,60-day note dated May 1,2015 from a customer On May 16,2015, the Grable Co. discounted the note at 6% at the bank. The net proceeds from the discounting of the note amounted to A. $5,954.40 B. $6,034.40 C. $6,064.80 D. $6,080.00