Assume a company purchases a piece of new production equipment (a fixed asset) and the equipment seller provides a 5-year loan to finance the purchase. After the equipment is purchased, but before it has any impact on production volume, sales, or operating expenses, what is the impact on Total Current Assets? Increase Decrease Cannot Be Determined No Change Assume a company obtains a 5-year bank loan to purchase a piece of new production equipment (a fixed asset). After the equipment is purchased, but before it has any impact on production volume, sales, or operating expenses, what is the impact on Total Asset Turnover? Cannot be Determined No Change Decrease Increase Assume a company increases production efficiency such that its cost of goods sold declines. If all other expenses remain unchanged, and total sales are unchanged, the company's Times Interest Earned ratio will Cannot Be Determined Decrease Increase Not Change