Bandsinc., receives $4,600,000 cash in advance ticket sales for a five-date tour of Vivaldi Park Players, with concerts beginning in November. After recording the advance ticket sales on October 31 , how have the financial ratios of Bandsinc. changed? 1) It increases the current ratio and the profit margin. 2) It increases the receivables turn ratio and no effect on the proflimargin. 3) It decreases the current ratio and has no effect on profit margin. 4) It increases revenue, profit margin and retained earnings. Question 2 (3 points) Metro Co.'s salaried employees earn three weeks' vacation per year. Metro Co. prepared an estimate of the amount of the unpaid vacation earned by employees. That estimated expense is $8,361 of accrued vacation benefits for the year. After Metro Co. makes this entry, how is the accounting equation effected? 1) Equity decreases and vacation expense increases. Quetstion 1 ( 4 pinita) chingtith 1) it increakes the cutent tatio and the preitit makn Purntiain 2 (a pointu) piruared an ertimati of the arount of the unpad wacation eaphed ty ancichmer. Meats Ce makes this entry, how in the mcoourtace edalion effected 13 Equity de jejuth and waramen expense increats