After each of the following transactions is a ratio. Mark an X in the appropriate space to indicate the effect of the transaction on the ratio. Effect Transaction Ratio micreaseDecrease None Purchased treasury stock Return on total assets Sold merchandise on account Current ratio Collected an accounts receivable Quick ratio Current ratio (ratio is >l before transaction) Paid an accounts payable Profit margin Recorded advertising expense Ratio of liabilities to Converted bonds payable into common stock stockholders equity