Assume a company's current assets exceed its current liabilities. Evaluate how each of the following independent transactions will affect a company's current ratio by matching the transaction description with either the word increase, decrease, or no effect. The company receives cash from the issuance of common stock. increase + no effect Choose... The company purchases supplies on account. The company declares and pays a cash dividend The company receives cash in advance of it being earned. Choose... The company makes a cash purchase of inventory. Choose The company receives cash from a customer on account. Choose