Decide, whether the transaction increased, decreased, or had no effect on the indicated ratio Effect Ratio Increase Decrease None Asset Turnover Current Ratio Inventory Turnover Transaction (a) Issued Common Stock for Cash (b) Declared Cash Dividend (c) Paid Salaries Expense (d) Purchased Merchandise for Cash (e) Sold Equipment for Cash (1) Purchased Marketable Securities for Cash (9) Purchased a Building Current Ratio Receivable Turnover Quick Ratio Free Cash Flow