9. (TCO A) Indicate the effect of the following actions on cash levels and current ratio. Assume the company has a current ratio greater than one. Indicate whether the effect is to increase (I), decrease (D), or if it has no effect (NE). Consider each action independent from the others.

Current Ratio Cash

Increased credit limits to maintain sales levels

Pay supplier more slowly

Write down inventory

Sell equity

Issue stock dividend

(Points : 25)