beets its sales to grow by 10 percent 2016. in 1. What will be the consequence of the 10 percent growth in sales on the firm's cash position 2. tional efficiency? "es not modify policy or change its opera- cing do with the extra cash? What should it do? QUESTIONS 1. Transactions Indicate the effects of the following transactions on operating margin, invested cap tal turnover, and debt ratio. Use to indicate an increase indicate a decrease, and 0 to indicate no effect. operating Invested capital Debt ratio turnover 1. Shares are issued for cash 2. Goods from inventory are sold for cash at a profit 3. A fixed asset is sold for cash at its book value 4. A fixed asset is sold for more than its book value 5. A dividend is declared and paid 6. Cash is obtained through a bank loan Accounts receivable are collected 8. Minority interest in a firm is acquired for cash 9. A fixed asset is depreciated 10. obsolete inventory is written off 11. Merchandise is purchased on account 12. Shares are repurchased