E13-12 Analyzing the Impact of Selected Transactions on the Current Ratio (LO 13.4, LO 13.5) points In its most recent annual report, Sunrise Enterprises reported current assets of $1.090.000 and current liabilities of $602.000. Required: Determine for each of the following transactions whether the current ratio, and each of its two components, for Sunrise will increase. decrease, or have no change: eBook Current Assets Current Current Ratio Liabilities C entral Print 1. Sold long-term assets for cash. 2. Accrued severance pay for terminated employees. 2 Wrote down the carrying value of certain inventory items that were deemed to be obsolete Acquired new inventory by signing an 18-month promissory note (the supplier was not willing to provide normal credit terms) References