Effect of Transactions on Debt-to-Equity Ratio The following account balances are taken from the records of Monet's Garden Inc. Current liabilities $150,000 Long-term liabilities 375,000 Stockholders' equity 400,000 Required: 1. Use the information provided to compute Monet's debt-to-equity ratio. Round to three decimal points. to 1 2. Determine the effect that each of the following transactions will have on Monet's debt-to-equity ratio by recalculating the ratio and then indicating whe decreased, or not affected by the transaction. Round to three decimal points. Consider each transaction independently; that is, assume that it is the only t place.