Determine the effect of the following scenario on each of the following ratios: Cash Flown to Sales Ratio Return on Assets Ratio . Return on Equity Ratio Deal ONLY with the facts provided in the scenario, and determine the direct effects of the scenario ONLY in the current period. Assume no effect on the market price of stock. Assume the Current Ratio prior to any scenario was 2.1 Cash Flows to Sales Ratio - (Net Cash Flows from Operating Activities) / (Net Sales) Return on Assets Ratio - (Net Income) / (Average Total Assets) Return on Equity Ratio - (Net Income) / (Average Stockholders' Equity) Eric's Elephant Training specializes in training elephants. It sold a warehouse at bookealle for cash during the current period. No pre-existing loans were outstanding on the warehouse at the time of sale. Multiple Choice The Cash Flows to Sales Ratio wit increase, no effect on the Return on Anita Rotond no effect on the Return on quity Ratio No affect on the Cash Flows to Sales Ratio, the otun on sets Ratio will decret the futum an Equity Ratio will decrete No offect on the cash low to Sales Roto the turn on sitio wow, und the turn on Ets will be