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Correct if necessary please: After reading chapter 2 of the textbook: answer with: 1 ) increase, 2 ) decrease, 3 ) does not affect 1

Correct if necessary please:
After reading chapter 2 of the textbook: answer with: 1) increase, 2) decrease, 3) does not affect
1. Earnings are not distributed as dividends (i.e., are retained) increase equity
2. An increase in depreciation expense decrease earnings and does not affect as cash flow
3. And increasing the long-term debt such as selling bonds does not affect the quick ratio.
4. A decrease debt does not affect on the days sales outstanding
5. Selling inventory for a loss decrease the quick ratio
6. Buying inventory with credit (accounts payable) does not affect total assets turnover
7. The sale of a fixed asset for more than its book value increase taxes owed
8. Collecting an account receivable does not affect return on assets
9. And increase in taxes decrease the coverage ratio times interest earned
10. An increase in interest expense decrease the firms operating profit margin
11. Operating at a loss does not affect the debt ratio
12. The return on equity decrease if inventory is sold for a loss
13. Increased use of trade credit (accounts payable) to acquire your inventory does not affect days sales outstanding
14. Increased depreciation expense decrease return on equity
15. If a firm repurchase shares, total asset turnover does not affect
16. If I firm sells plant for less than its book value, total asset turnover decrease and return on equity decrease
17. They use of the modified accelerated cost recovery system of depreciation instead of straight-line depreciation initially _increase_ the return on equity
18. If a firms current ratio increases the firm's liquidity position increase__
19. Collecting an accounts receivable does not affect the debt ratio
20. Increasing the firm's cash _does not affect__ fixed asset turnover

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