Can you please indicate the impact with explanations? Thank you.

PROBLEM 14-17. Effects of Transactions on Financial Ratios [LO 3] Listed in the right-hand column below are certain financial ratios. To the left of each ratio is a business transaction or event relating to the operating activities of Candice an exporter of ceramic tile: Ratio Current ratio Acid-test ratio (quick ratio) Times interest earned Business Transaction or Event 1. The company declared a cash dividend. 2. The company sold inventory on account. 3. The company's net income decreased by 5 percent between last year and this year. Long-term debt remained unchanged. 4. A previously declared cash dividend was paid. 5. Obsolete inventory totaling $60,000 was written off at a loss. 6. The company sold inventory for cash at a profit. 7. The company issued common stock for cash. 8. The company paid $7,000 on accounts payable. 9. The company purchased inventory on credit terms. 10. The market price of the company's common stock increased from $24.50 to $37.20. Earnings per share remained unchanged. Current ratio Inventory turnover ratio Debt-to-equity ratio Earnings per share Current ratio Acid test (quick ratio) Price-earnings ratio REQUIRED Indicate the impact of the transaction on the corresponding ratio (increase, decrease, or no effect)