D 8 9 10 Problem 2: [15 minutes, 5 marks] Prior to the transactions listed below in the left column, Blue Inc. reported a debt-to-assets ratio of 0.50, asset turnover of 1.20, net profit margin of 0.30, and earnings per share of $1.00. Required (to be completed in the chart below): Complete the lettered cells in the following table by indicating whether each transaction causes the selected ratios for Blue Inc. to increase (+), decrease (-), or not change (NC). Notice you do not need to show the updated ratios. Consider each of the five transactions independently 12 (ie., on their own). 11 13 14 15 Transaction Debt-to-Assets Asset Turnover Net Profit Margin Earnings Per Share 16 Customers used previously (a) issued gift certificates for food and drinks valued at $300. 17 18 Accrued $750 for this month's utility bill, which (b) (c) (d) (e) will be paid next month. 19 20 Recorded $2,500 of (f) 21 22 depreciation this month. (h) 23 Purchased and received, but didn't yet pay for, equipment costing $825. 24 Received $30,000 cash 25 from shareholders for additional common shares of Blue Inc. 261 382 27 a (i) (6)