d

For each of the items below, explain the impact, does the action (1) increase, (D) decrease, or cause (NC) no change in the Current Ratio, Quick Ratio and Cash Ratio. (3 points) Where: Current Ratio = Current Assets Current Liabilities Quick Ratio = Current Assets Inventory Current Liabilities Cash Ratio = Cash Current Liabilities Current Ratio Quick Ratio Cash Ratio inventory is sold at credit for a profit a customer pays the bill with cash inventory is purchased for cash cash is received from a long-term loan