Discuss how each of the following transactions will affect the financial ratios specified in the table (i. e. increase, decrease, no effect). You are required to provide the detailed explanations (4 Marks) Transaction Ratio 1. A change in accounting method for Profit margin depreciation from straight line to diminishing balance 2. Wrote off a bad debt using direct Current ratio write-off method 3. Collected an account receivable Average collection period Quick ratio 4. Recognising a loss through obsolescence of certain inventory items. Word limit: 250 (Type your response directly into the template in the text box below.)