EMGT 6305 Financial Management for Engineers Indicate the effects of the transactions listed in the following table on total current assets, current ratio, net income and cash flow. Use )to indicate an increase, ) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0 Total Current Current Ratio Assets Effect on Net Impact on income Cash Flow 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) Cash is acquired through issuance of additional Common Stock Merchandise is sold for Cash A fixed asset is sold for less than the book value A fixed asset is sold for more than the book value Merchandise is sold on Credit Payment is made to trade creditors for previous A cash dividend is declared and paid Short term notes receivable are sold at discount Marketable Security are sold below cost Current operating expenses are paid ases Short term promissory notes are issued to trade creditors in exchange for past due accounts payable 12) 13) A fully depreciated asset is retir 14) Accounts receivable are collected 15) 16)Merchandise is purchased on Credit 10-years notes are issued to pay off accounts payable Equipment is purchased with short term notes