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BSO, Inc., has assets of $660,000 and liabilities of $495,000 resulting in a debt-to-assets ratio of O.75. For each of the following transactions, determine whether
BSO, Inc., has assets of $660,000 and liabilities of $495,000 resulting in a debt-to-assets ratio of O.75. For each of the following transactions, determine whether the debt-to-assets ratio will increase, decrease, or remain the same, and enter the value of the new debt-to-assets ratio. Each item is independent. (Round your answers to 2 decimal places.) Debt-to-Assets Ratio a. Purchased $32,000 of new inventory on credit b. Paid accounts payable in the amount of $68,000 Recorded accrued salaries in the amount of $130,000 d. Borrowed $280,000 from a local bank, to be repaid in 90 days. C
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