Answer one of the following questions: - Do you agree that some companies with high profitability could have a deficit in their cash from operating activities? Explain your answer. b-Vince's current assets $300,000 and current liabilities $150,000 Compute and explain the effect of each of the following transactions on Vince's current ratio (increase, decrease, no effect). Please show your calculations: 1-Received a 550,000 long-term loan 2. Purchasing $80,000 of merchandise inventory on credit (accounts payable) 3- Paying $30,000 of accounts payable 4- Collecting $40,000 of accounts receivables 5. Pald 520.000 for advertising expenses