abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock s 132 30 140 38 375 176 235 Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 32 389 40 75 Assume that the following events occurred in the following quarter a. Paid $35 cash for additional inventory b. Issued additional shares of common stock for $15 in cash C Purchased equipment for $210; paid $100 in cash and signed a note to pay the remaining $110 in two years d. Signed a short-term note to borrow $15 cash Condicterd nenntiations to nurchace a caumill which is evnerted to rost $38 7-a. Use your response to part 6 to calculate Edward Allen's current ratio after the transactions listed in (a)-(e) (Round your answer to 2 decimal places.) rrent ratio after the transactions (a)He) 7-b. Based on this calculation and the calculation in part 1, indicate whether the above transactions increase or decrease the company's ability to pay current liabilities. Increase Decrease