Brief Exercise 12-9 (Algo) Understand the current ratio (LO12-3) Sotbell Training Company has a current ratio of 070 to 1 , based on curtent assets of $455 million and current labilite of 5650 malion. 1. How. if at ali, wit a $700.000 cash purchase of inventory affect the curent cotio? 2 How, if at all, will a $700,000 purchase of invensory on account affect the current ratio? Complote this question by ontering your answers in the tabs below. Hew, if at all, will a 1700,000 cath purchose of inventory affect the ourrent ratio? Brief Exercise 12-9 (Algo) Understand the current ratio (LO12-3) Sonball Training Company has a current ratio of 0.70 to 1, based on current assets of $4,55 mmon and cutrent liabilites of $6.50 million. 1. How, if at als, will a $700.000 cash purchase of inventory affect the current ratio? 2. How, if at all, will s $700,000 purchase of inventory on account affect the current ratio? Complete this question by entering your answers in the tabs below. How, if at all, will a 5700,000 purchase of inventory on account affect the current ratio