After reading chapters 1 to 3 of the textbook: answer with: 1) increase, 2) decrease, 3) does not affect

1. Earnings are not distributed as dividends (i.e., are retained) equity

2. An increase in depreciation expense earnings and as cash flow

3. And increasing the long-term debt such as selling bonds the quick ratio

4. A decrease debt on the days sales outstanding

5. Selling inventory for a loss the quick ratio

6. Buying inventory with credit (accounts payable) total assets turnover

7. The sale of a fixed asset for more than its book value taxes owed

8. Collecting an account receivable return on assets

9. And increase in taxes the coverage ratio times interest earned

10. An increase in interest expense the firms operating profit margin

11. Operating at a loss the debt ratio

12. The return on equity if inventory is sold for a loss

13. Increased use of trade credit (accounts payable) to acquire your inventory days sales outstanding

14. Increased depreciation expense return on equity

15. If a firm repurchase shares, total asset turnover ___________

16. If I firm sells plant for less than its book value, total asset turnover and return on equity ___________

17. They use of the modified accelerated cost recovery system of depreciation instead of straight line depreciation initially ___________ the return on equity

18. If a firms current ratio increases the firm's liquidity position ___________

19. Collecting an accounts receivable ___________the debt ratio

20. Increasing the firm's cash ___________ fixed asset turnover